June 14 (Bloomberg) –China’s plan to ban imports of power-station coal with relatively low heating value and high sulfur content may cut shipments of U.S. coal into the country, an American executive said.
“Many Chinese customers can consume higher-sulfur coal without polluting the environment,” Ernie Thrasher, chief executive officer at XCoal Energy & Resources LLC, a Pennsylvania-based exporting company, said in e-mail on June 10. If the ban is implemented, it would be detrimental to higher-sulfur coal coming from the U.S., he said.
China may ban purchases of coal with a heating value below about 4,540 kilocalories a kilogram on a net-as-received basis, sulfur content above 1 percent and ash above 25 percent, according to an initial draft obtained by Bloomberg News. The standards may be eased, Australia & New Zealand Banking Group Ltd. (ANZ) said in a note on June 5.
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Fitri Wulandari, Bloomberg News via CHINA US Focus http://feedproxy.google.com/~r/ChinaUsFocus/~3/yQv1cXCjEdA/
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