China reports a sharp decline in coal export in July and August.

    Statistics show that it exported 33.64 million tons of coal in the first eight months, up 0.3 percent year on year. The coal export value amounted to 3.36 billion US dollars, up 75.6 percent.

    Included were 3.37 million tons of coal exported in August, down 1. 41 million tons from July and 3.62 million tons from June.

    China has up adjusted the temporary export tariffs for coking coal from five percent to 10 percent. It started to collect 10 percent export duty on other coal products including bituminous coal on August 20, in an effort to avoiding side effect cast to the downstream industries due to coal price rise.

    Meanwhile, China has cut down coal export quota this year.

    According to insiders, along with further rise of export cost, the sharp rising trend of China's coal export will be restrained.