China's coke exports picked up momentum significantly accelerated

 According to Xinhua in 2013, China officially canceled the coke 40% export tariff and quota system in favor of the implementation of coke export licensing system. Both export policy adjustments by the stimulus, following the substantial growth in 2013, the first two months of this year, China's coke exports picked up momentum significantly accelerated.

2013, China's coke and semi-coke export volume of 4.67 million tons, an increase of 358% over 2012 exports. According to Customs statistics, the first two months this year, China's coke and semi-coke export volume has exceeded a quarter of last year, export volume reached 129 million tons.

Shipping and receiving according to caliber statistics, the first two months of this year, the export volume of coke production in Shanxi was 1.246 million tons, accounting for 97.4% of the national total exports, is China's main export coke supply ground.

Taiyuan Customs relevant responsible person said, was the result of China's coke exports to resume growth, the abolition of coke 40% export tariff and quota system has played a significant stimulating effect, which makes the decline in China's coke export costs, many companies run by affiliated coke export change for self-management, more flexible operational mechanism, expand foreign markets increased enthusiasm.

In addition, Chinese coke enterprises are facing lower prices, overcapacity, high inventory and other issues, weak demand for coke, coke enterprises pay more attention than ever before export; coupled with Chinese coke exports are still competitive in the international market, while ensuring quality, price there are certain advantages, it also stimulated the export of Chinese coke certain extent.

Since coke prices continued to fall, Chinese coking industry is still facing a "no incremental efficiency" embarrassing situation. 2013, the entire Chinese coking industry realized profits of about 7.922 billion yuan, but the profit margins are much lower than the national industry average loss of coking enterprises reached 38.87%, losses of up to 11.77 billion yuan.

2013, China's coke production to new highs, reaching 476 million tons. According to the China Coking Industry Association predicts that in 2014 China's coke production will increase slightly in the year is expected to reach 490 million tons.

"However, the Chinese government vigorously eliminate backward production capacity and governance under the haze in the background, as a typical high pollution, high energy-consuming industries, China's coke industry will face a more severe test." Shanxi hair macro Graduate School Reform Commission long Wang Hongying said.

Insiders said that although China's coking industry still faces many difficulties, but more than the past year from the statistical situation, canceled high tariff and quota system brought about by the stimulus effect is more significant, coke export business has started to recover quickly, which for being in a "trough" in Chinese coking industry is undoubtedly a good news.