Chinese mills buying Us met coal amid lower offers, paying 25% tariff

摘要

Singapore—The Chinese market saw the conclusion of two trades of US Buchanan coking coal with 40% coke strength after reaction, 18%-19% volatile matter, 7%total moisture and 5-6% ash as offers, excluding 3% import duty and 25% tariffs, have fallen to entice buying interest, Platts confirmed Thursday. A trade was done Thursday for 135,000 mt of Buchanan at $152/mt CFR China, excluding 3% import duty and 25% tariffs. This was for an on-the-water cargo. Considering the import duty and tariffs, the trade would be equivalent to $195.70/ mt CFR China. This was done to a Chinese steelmaker.