Wednesday, March 02,
India bought 1.5 million tonnes of thermal coal from South Africa in January, 34 % of its total exports of 4.4 million tonnes but down from 2 million tonnes in December, exporters said..*
“The tonnages moving to India have remained substantial, but Indian buyers are less visible in the market because they’re buying more term contract coal and less spot,” one exporter said.
India has over the past two years become the biggest single importer of South African coal and is expected to increase its share over the next several years as power generation grows.
The strength of Indian and to a lesser extent Chinese imports of South African coal has been the main factor supporting coal prices at over $100 a tonne during the past several months.
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