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Proposed China ban on low CV coal imports 'catastrophic' for Indonesian prices
in-en.com  2013-5-27 10:08:40  

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China's proposed ban on imports of low calorific value thermal coal will have a serious impact on Indonesian sub-bituminous coal prices, industry sources said Thursday.

Platts, quoting well-informed sources, reported this week that Beijing may impose the ban on imports of thermal coal with a calorific value of less than 4,540 kcal/kg on a net-as-received basis, and on thermal coal with a sulfur and ash content of more than 1% and 25%, respectively, as early as next week.

"If implemented, it will be catastrophic for prices of Indonesian low rank coal," a mid-sized Indonesian coal producer said.

A Singapore-based coal trader said he believes that if the ban is immediately imposed Indonesian sub-bituminous coal prices will drop by at least $5/mt "considering the volume of low rank coal exported to China at the moment."

 
Author:in-en.com  From:platts.com  Edit:Susan
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