Xinsha port limits thermal coal import after quota hit: market

摘要

Singapore—China’s southern coal import region of Xinsha, located in Guangdong province, has issued verbal notices to local shipping agents and traders to restrict seaborne thermal coal arriving after March 16, as the local import volume has exceeded the quota of 65 million mt, sources said Friday. “We received verbal notifications from Xinsha port in Guangdong province,” a southeastern China-based trader said. The move comes after southeastern China hub Fuzhou in Fujian province and Guangdong province in the south implemented control measures last week. The implementation of regulations could be adjusted upon further notice from Xinsha customs, local thermal coal sources told S&P Platts Global Friday.