South Korea has maintained the growth in monthly coal imports, by recording an increase of 5% M-o-M in Jan’18.
As per the data provided by the customs, South Korean coal import had increased for the third successive month, accounting to 13.15 MnT in Jan’18. The country had imported 12.47 MnT coal in Dec’17.
Still, the country’s coal import in Jan’18 had fallen short by 4% Y-o-Y compared with the monthly total of 13.68 MnT, recorded in Jan’17.
Grade-wise Coal Imports:
Imports of all the major coal grades had registered noticeable growth during the month.
Non-coking coal imports had increased 3% M-o-M to 9.5 MnT in Jan’18. While, Coking coal imports were recorded 24% higher on the month, at 2.18 MnT.
Anthracite and Pet coke imports had also registered a similar growth of 8% and 33% respectively; Met coke imports had remain unchanged during the month.
| Grade | Jan’18 | Dec’17 | M-o-M |
| Non Coking Coal | 9.5 | 9.24 | 3% |
| Coking Coal | 2.18 | 1.76 | 24% |
| Anthracite | 0.64 | 0.59 | 8% |
| Pet Coke | 0.12 | 0.09 | 33% |
| Met Coke | 0.03 | 0.03 | 0% |
| Others | 0.69 | 0.76 | -9% |
| Grand Total | 13.15 | 12.47 | 5% |
Source: South Korean Customs
Quantity in MnT
Major Coal Exporters:
Australia remained the highest coal exporter in Jan’18. Coal exports from the country had increased 15% M-o-M to 4.33 MnT during the month, which were also 20% higher on the year compared with 3.6 MnT in Jan’17.
Coal exports to Korea from its other two major suppliers-Indonesia and Russia, had fell during the month.
Indonesian coal exports decreased 8% both on the monthly and yearly basis to 3.66 MnT in Jan’18. Whereas, Russia too had registered a fall of 1% M-o-M in coal supplies of 2.03 MnT to Korea; which were also 4% lower on the year.
US had recorded significant growth of 217% in monthly coal supply to Korea, the country had exported 0.59 MnT coal in Jan’18. Canada, South Africa, Colombia and China were among the other major coal exporters during the month.
Source: South Korean Customs
Leave a Reply