China's proposed ban on the import of lower grade thermal coal is becoming clearer after Platts has published the draft regulation.
This month, China's National Energy Administration (NEA) said it was proposing imports of thermal coal should have a calorific value of at least 4,540 kcal/kg on a net-as-received basis, a maximum sulfur content of 1%, and a maximum limit for ash of 25% on an as-received basis.
It did not include any detail on total moisture. NEA is a government body that promulgates energy policy in China.
The reasons given by the NEA for its ban on some coal imports was to better regulate the production and distribution of coal products in China.
Another reason given by the NEA for its regulation was that it wanted to improve the utilization of cleaner coal products in China, given the continued smoggy weather in northern China.
It is understood there was no time frame given for how long the edict would remin in place or when the ban would commence.
Domestically produced metallurgical coal would also not escape the net as it the regulation would mean this coal would have a maximum ash content of 12%, a maximum total moisture content of 12%, and a maximum sulfur content of 1.75%.
The ban if put in place would have significant ramifications for coal miners and explorers globally.
*
*
*Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.* Reported by Proactive Investors 1 hour ago.
This month, China's National Energy Administration (NEA) said it was proposing imports of thermal coal should have a calorific value of at least 4,540 kcal/kg on a net-as-received basis, a maximum sulfur content of 1%, and a maximum limit for ash of 25% on an as-received basis.
It did not include any detail on total moisture. NEA is a government body that promulgates energy policy in China.
The reasons given by the NEA for its ban on some coal imports was to better regulate the production and distribution of coal products in China.
Another reason given by the NEA for its regulation was that it wanted to improve the utilization of cleaner coal products in China, given the continued smoggy weather in northern China.
It is understood there was no time frame given for how long the edict would remin in place or when the ban would commence.
Domestically produced metallurgical coal would also not escape the net as it the regulation would mean this coal would have a maximum ash content of 12%, a maximum total moisture content of 12%, and a maximum sulfur content of 1.75%.
The ban if put in place would have significant ramifications for coal miners and explorers globally.
*
*
*Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.* Reported by Proactive Investors 1 hour ago.