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Tuesday, 21 February 17
CHINA SUSPENDS COAL IMPORTS FROM NORTH KOREA FROM 19 FEB
Coal export banCOALspot.com: China is suspended coal imports from North Korea until December 2017. China says it will suspend all imports of coal from North Korea for the rest of the year.

“ China will temporarily stop its imports of coal from North Korea for the rest of this year" including coal for which customs applications have been made but not yet processed, China's commerce ministry said in a statement posted on its website on Saturday.

According to Reuters, North Korea shipped 22.48 million tonnes of non-lignite coal to China in 2016, up 14.5 percent compared to 2015.

It is not clear whether China’s coal imports ban (from North Korea) will affect current International coal prices or not. North Korea is the China’s 4th largest coal exporter and the country exports anthracite coal to China. The Chinese buyers use mainly for steel and ceramic manufacture, as well as for blending with other coal types to burn to generate power.According to market reports the price of North Korea's anthracite coal is much cheaper than International prices.


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