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China May coke exports hit new high

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Publish time: 9th June, 2015      Source: www.cnchemicals.com
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China’s exports of coke and semi-coke hit a new high of 1.23 million tonnes in May, surging 73.24% on month and up 23.4% from the year before, showed data released by the General Administration of Customs (GAC) on June 8.It was the tenth consecutive year-on-year increase, as Chinese producers boosted sales to the overseas market amid weak domestic demand, in addition to the government’s cancellation of a 40% export tariff from January 2013.The value of the May exports stood at $209.25 million, up 7.3% year on year and 69.5% higher than April. That translates into an average price of $170.12, down $3.74/t from the month prior and down $24.83/t from a year ago.Over January-May, China exported a total 4.25 million tonnes of coke, up 26.5% on year, with total value falling 2.8% from the previous year to $736.74 million.