Sources said utility Guotou Qinzhou had canceled 250,000 mt of seaborne coal due for arrival in May because of the uncertainty, a cancellation letter seen Monday by S&P Global Platts from Guotou to participating traders said. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The move comes hot on the heels of Guangxi implementing measures last Wednesday, targeting local utilities competing for the limited amount of quota left for the year. “In order to reduce risk for parties amid unclear implementation of import policy in Guangxi, we will cancel the recent tender 0041-20XJ0151,” the letter said. “We shall call another tender upon obtaining clarity on the implementation of import policy,” the letter added. Guotou sought 250,000 mt of 3400 kcal/kg NAR to 4,500 kcal/kg NAR seaborne coal […]