Annual Sino-Japanese price talks on China’s thermal coal exports to Japan have begun, with no specific deadlines for an outcome, the 21st Century Business Herald reported Friday, citing sources from a Chinese company involved in the negotiations. According to customs data, China exported 5.91 million metric tons of thermal coal in the nine months to September, down by 20.7 percent year on year and well below the 19 million metric ton export quota assigned by the National Development and Reform Commission for this year. The total value of exports in the nine-month period was US$845.06 million, down 34.9 percent from a year earlier. Traditionally, the Chinese representatives in the talks have been led by China Coal Energy Co., Ltd. (1898.HK, 601898.CN) and China Shenhua Energy Co., Ltd. (1088.HK, 601088.CN). Coal producers are also lobbying the central government to cancel the 10 percent tariff levied on coal exports, the report said.
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