Friday, October 10, 2014

"China Tariff On Imports Could Dramatically Impact Already Hard-Hit Coal Producers" $WLT


The decision by China – the world’s top coal importer – to put a 3% tariff on anthracite and coking coal and 6% tariff on thermal coal reverses a near decade-long policy to remove barriers to imports, making a near-term rebound in coal prices increasingly less likely, analysts say.

“The timing of a met coal price rebound is becoming increasingly important for liquidity-constrained met coal producers Walter Energy, Alpha Natural Resources, Arch Coal,” said Morgan Stanley

No comments: