Shanxi continues to halve its coal and coke transaction fees in 2019

According to Shanxi Development and Reform Commission, in order to reduce the burden on coal and coke producers and users, Shanxi will continue to implement the halving of coal transaction fees and coke spot transaction fees.
 
Shanxi has halved its coal trading fees since August 2013. Shanxi will continue to implement preferential policies in 2019. For coal entering into the China Taiyuan Coal Transaction Center, the transaction center will charge both buyers and sellers the coal trading fee of 0.05 yuan/mt. At the same time, for the coke entering into the spot transaction of Shanxi Coking Coal & Coke International Transaction Center, the coke spot transaction fee will be charged to the buyers and sellers at a rate of 0.4 yuan/mt respectively.
 
Statistics show that coal and coke output of enterprises above designated size in Shanxi Province was 893 million tons and 92.56 million tons in 2018, accounting for 25 percent and 21 percent of the country's total output respectively. China Taiyuan Coal Transaction Center completed 2.293 billion tons of spot coal transaction in 2018, with a transaction value of 1.36 trillion yuan.