Latest statistics from the customs show that during January to November in 2008, China exports 11.904 million tonnes of coke, down 16.9% YoY with the value of USD 5.71 billion, up 110%. Export in November posts at 0.324 million tonnes down 72.4% YoY or 38.4% MoM, the lowest monthly export level in 2008.
According to the survey from the customs on January 4th 2009 the average coke export price is posted at USD 479.7 per tonnes in the period up by 150% YoY with the following features:
First, export falls dramatically during October to November China has pulled up coke export tax to 40% on August 20th 2008. After that, September coke export began to reduce after exporters rush to ship out materials in August. And the volume in October shrank further to 0.526 million tonnes, a massive YoY down of 63%, or MoM falls of 62.4%, November average export price posts at USD 560.9 per tonnes, down USD 48.1 per tonnes from the previous month.
Second, most exports are through general trade. During January to November, China coke exports by general trade record at 11.56 million tonnes down 17.4% YoY, accounting for 97.1% of China total export during the same period.
Third, the state owned enterprises take up 60% of total exports, 6.814 million tonnes during January to November 2008, down 21.1% YoY, while the private ones export 3.39 million tonnes, down 2.9% YoY or 28.4% of the total volume.
Fourth, the main export destinations are Brazil, US, Japan and India. During January to November export to Brazil records at some 2.36 million tonnes, up 6.3% YoY to US, 2 million tonnes up 49%; to Japan, 1.98 million tonnes down 37.1% and to India, 1.05 million tonnes down 53%. All those above take up 62.2% of China total coke export in the period.
Source : China Customs