China’s retaliatory steps against tariffs imposed under US President Donald Trump could lead to significant changes in the global coke trade. Experts suggest that China’s move could reshape both coke flows and prices by 2025. China is the world’s largest coal consumer and importer. The country’s tariffs on coke from the US have caused volatility in global markets. This could increase the share of other major coal producers such as Australia and Mongolia in the Chinese market. Analysts say China will turn to alternative sources of supply to reduce its dependence on the US. In this process, coke prices are expected to follow a volatile course. In particular, the loss of share of US producers in the Chinese market may increase export opportunities for other countries. This shift in global energy markets requires new strategies for both producers and consumers. China’s tariff policies are likely to remain an important determining factor in coal trade in the coming years.
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