BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
COOKIE NOTICE

Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.


  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

IF you are a Platts Market Center subscriber, to reset your password go to the�Platts Market Center to reset your password.

In this list
Coal

Turkish government to impose 5% tariff on US coal, 4% on petcoke: document

Coal | Natural Gas | Oil | Petrochemicals

Market Movers Europe, Dec 17-21: Oil price volatility remains in focus

Coal

Platts Global Coal Alert

Metals | Steel

15th Annual Steel Markets North America

Coal

Global thermal coal demand stable through 2023: IEA

Turkish government to impose 5% tariff on US coal, 4% on petcoke: document

London — The Turkish government is expected to impose a 5% tariff on US coal and a4% tariff on US petcoke after a decision reached Friday, according to adocument seen by S&P Global Platts.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

The coal tariff is lower than the 10% level that had been discussed asrecent as Thursday, but still would make buying US coal more difficult forfinancially strapped Turkish end users, trade sources said.

One trade source said he believed "no tariff would have been better" forutility buyers, who have been fighting against depreciation of the Turkishlira for several months now and are looking for energy savings.

A utility buyer said he would like to see Turkish-delivered coal pricesdrop about $20/mt from current levels, currently hovering around $100-$101/mt.

On the supply side, a producer source said he was "surprised that the taxwent ahead at 5%."

"If it's only 5%, then that is a major let-off for [US buyers]," he said.

Traders at the Mediterranean Solid Fuels conference in Lisbon werekeeping an eye out for an official confirmation of the tariff increase, butnone had been made at around 1200 GMT.

Turkish president Tayyip Erdogan was believed to have made the decisionto go with the lower tariff ahead of Sunday's snap elections as a nod toutility buyers, who potentially could benefit from increased purchases of UScoal.

Turkey is still weighing the lifting of its current sulfur cap to 3%,which would effectively allow US high sulfur coals from the Illinois Basin andNorthern Appalachia into Turkey. In 2017, Turkey imported roughly 33 millionmt of thermal coal, including 51% from Colombia and a negligible amount fromthe US. US petcoke exports to Turkey totaled 3.57 million mt in 2017, up from3.5 million mt the previous year.

A decision on raising the coal sulfur cap to allow more US coals could beimplemented as early as next year.

--Jeffrey McDonald, jeffrey.mcdonald@spglobal.com

--Edited by Jonathan Fox, jonathan.fox@spglobal.com