July 25, 2008

Chinese coke export in February down by 24% MoM

It is reported that China's coke exports dived in February. Statistics reveal the country exported 729,900 tonnes of coke in February down by 24% MoM and decreasing by 99,000 tonnes or 11% YoY from last year. Short domestic supply is supposed to be the main reason for the declining exports. As domestic price surged on account of scant supply, coke producers mainly served domestic market.

Total export volume in the first two months amounted to 1.6893 million tonnes down by 20.36% YoY as compared with the same period of 2007. Export value added up to USD 553 million up by 70.5% YoY.

Major exporters in February included Shanxi, Xinjiang, Beijing, Yunnan and Tianjin. Shanxi alone exported 320,000 tonnes in February down by 22% and 860,000 tonnes during January to February 2008.

(Sourced from MySteel.net)