News dynamics

Russia Temporarily Cancels Some Coal Export Tariffs

On April 28, local time, the Russian government said it had decided to cancel export tariffs on thermal coal and anthracite from May 1 to August 31 this year. The decision is aimed at supporting domestic coal industry enterprises. The Russian government has imposed flexible export tariffs on coal since March 1, with the tariff rate pegged to the ruble exchange rate. Depending on the exchange rate of the ruble, the tax rate varies from 4% to 7%. If the exchange rate of the ruble to the dollar is less than 80 to 1, the tariff is 0. Currently, the ruble is about 92 to 1 against the dollar.

Urumqi and Lanzhou Bureau freight rates jointly float 25%

On April 26, the Xinjiang Production and Construction Corps Radio and Television Station reported that it was learned from China National Railway Group Co., Ltd. that China Railway Urumqi Bureau Group Co., Ltd. and China Railway Lanzhou Bureau Group Co., Ltd. have issued a cross-bureau freight rate guarantee for the "Xinjiang Coal Outlet" energy supply. The preferential policy of 25% joint downward floating rate injects a powerful engine into the energy supply guarantee of "Xinjiang Coal Outlet. It is reported that the policy will take effect from April 16 to June 30, focusing on benefiting the downstream users of "Xinjiang coal into Ningxia" and "Xinjiang coal into Gansu" in Gansu and Ningxia areas, which will greatly enhance the competitiveness of "Xinjiang coal transportation.

Zhao Yongguang, deputy chief economist of Xinjiang Energy Co., Ltd. of the State Energy Group, said that the policy formulated by the two bureaus of Wu Tie and Lan Tie to support the floating of the freight rate of "Xinjiang Coal Transportation" will effectively reduce the comprehensive transportation cost, solve the bottleneck problem of "Xinjiang Coal Transportation" cross-bureau "stuck neck" and activate a strong engine for the increment of "Xinjiang Coal Transportation. In the future, Xinjiang Coal can participate more deeply in the national coal market, have the conditions to compete with Shaanxi Coal, Mongolian Coal and Shanxi Coal, and can change the supply pattern of the coal market in the northwest region.

Import coal and domestic coal price advantage comparison

On the 28th, the CIF price of imported Indonesian 3800 kcal in South China was 533 yuan/ton, which was 5 yuan/ton over the same variety of domestic coal. The CIF price of imported Australian 5500 kcal in South China is 826 yuan/ton, which is 35 yuan/ton over the same variety of domestic coal. The CIF price of 5500 kcal international coal on the east coast of India is 850 yuan/ton (converted in US dollars), it is 11 yuan/ton lower than the domestic coal price level of the same variety; the international CIF price of European 6000 kcal is 907 yuan/ton (converted in US dollars), which is 63 yuan/ton lower than the domestic coal price level of the same variety.