China sets 2nd batch of coke export quota

Saturday, 09 Jul 2011

China has issued the second batch of export quotas for coke, silver and some minor metals.

Chinese ministry of commerce MOFCOM has set the second batch of coke export quota at 3.82 million tonnes, bringing total quota for the full year to 8.42 million tonnes.

China is the world's largest coke producer, but it has begun to restrict coke exports as part of its efforts to reduce environment pollution. The government has slapped a punishing 40% export duty on coke exports, which has contributed to falling exports in recent years. (Reuters)