Coal market calm as China's import tax cut looms

News that China has decided to temporarily suspend coal import tariffs from May 1 to ensure energy security is having little supply-side impact on the market, according to Chinese industry sources on Friday.

On Thursday, China's Ministry of Finance announced that imports of all types of coal products – ranging from anthracite to coking coal – that are normally subject to tariff rates of between 3%-6% will be temporarily excluded from duties. Foreign coal will be able to enter China duty-free from