China to cut coal export quota for H2 of 2008
XFN Asia reported that China coal producers are concerned after a report that the coal export quota for the second half of this year will be cut to ease domestic supply tightness. The second half quota is due to be released this month.
The China Times quoted an unidentified official from the National Development and Reform Commission as saying that the coal export quota for the second half will definitely be cut.
According to the report, the NDRC, the central government's economic planning agency, released its first-half export quota in March, accounting for 60% of the full year quota.
According to official statistics, China's coal exports in June surged by 83.5% YoY to 6.99 million tonnes, while export volume in the first six months was up by 10.2% YoY at 25.49 million tonnes.
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