On the impact of export tariff rate adjustment on

2022-10-18
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On the impact of the adjustment of export tariff rate on China's coal industry

China's coal import tariff has been reduced from the past 5% to the current zero tariff, which has stimulated Guangdong, Fujian and other southern coastal areas to import a large amount of coal to Indonesia, Vietnam, Australia and other countries to a certain extent. In March, China's coal import volume was 5.67 million tons, the highest monthly level in history. The export volume in March was 3.71 million tons, down 36% from the same period last year. In other words, in the first quarter of this year, China became a net importer of coal for the first time. If coal becomes another net imported mineral product after oil and iron ore, we will have to worry about the domestic energy security pattern. However, we also believe that the net import of coal is not entirely a bad thing. It is the so-called "blessing in disguise"

in fact, before 2003, China was still the world's second largest exporter of carbon for coal research and development. However, due to the subsequent surge in domestic demand, although coal production continued to set new records, it was still in short supply, especially in the south of China, which once caused a "coal shortage". Therefore, in September and October last year, China first abolished the export tax rebate policy for coal, and then imposed an export tariff of 5% on coal and coke. At the same time, when the brittle fracture accounts for 50%, the corresponding temperature is called the fracture morphology transformation temperature fat50, and the coal import tax rate is reduced from 3% to 6% to 1%. This shows that China intends to protect coal resources and actively use international coal resources. We know that because the countries that rely on coal as the main energy are different in the world, the price of imported coal is far lower than that of domestic coal. According to statistics, the price difference is about 120 yuan/ton. In addition, domestic coal enterprises are likely to raise coal prices this year, so it is better to use "foreign coal" than domestic coal

the transformation of the role of China's coal exporter is conducive to mutual support in the international and domestic coal markets and to alleviate the contradiction of insufficient domestic coal supply. At the same time, the Chinese government can take this opportunity to shut down and transfer some small coal mines that do not meet the requirements, so as to reduce the occurrence of mining accidents. In addition, it can effectively relieve the pressure on environmental protection

Malaysia hopes to expand exchanges and cooperation with China in tourism and people to people and cultural fields. However, we still need to keep a clear head. Because China's dependence on foreign oil is growing at an incredible rate, but these have been rejected by he Guoliang. If China's coal is heavily dependent on imports and continues to deepen, we will be trapped in foreign energy and cannot extricate ourselves. At the same time, it is not only the energy strategy that is worth "seeing" but also "knowing". A more worthy question is how China can participate in global procurement in today's national economic integration. As a country that has been closed and forced to close for too long, China has too much "self-sufficiency" in its thinking. Today, the world has become a big factory and market. Whoever is best at using the price difference to make himself stand in the high-end position in the global value chain can maximize the savings of domestic resources and create profits

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