Coking Coal exports from Australia increased 2.53% in Aug’17 as compared to that in July’17, data compiled by CoalMint Research from the vessel line-ups shows.
During Aug’17, 18.61 MnT of Coking Coal was exported from Australia against 18.15 MnT in the previous month.
The higher imports during the month were a consequence of steel plants in China, India and Japan running high rates; necessitating proportionate imports. The robust imports had triggered remarkable upward traversals in the coal price in Australia.
COUNTRY-WISE COKING COAL EXPORTS
Coking Coal exports to the major countries–China, India and Japan–were high as steel making was going on at high rates in the countries.
| DESTINATION | COKING COAL EXPORT (in MnT) |
| China | 5.13 |
| India | 3.32 |
| Japan | 4.30 |
| South Korea | 1.68 |
| Europe | 0.58 |
| Brazil | 0.55 |
| Chile | 0.07 |
| France | 0.16 |
| Hong Kong | 0.09 |
| Indonesia | 0.09 |
| Netherlands | 0.58 |
| Sweden | 0.15 |
| Taiwan | 0.88 |
| Thailand | 0.29 |
| UK | 0.07 |
| Vietnam | 0.13 |
| Others | 0.54 |
| TOTAL | 18.61 |
During the month, the DBCT terminal had handled the highest volume of export traffic; followed by the Gladstone and Haypoint terminals.
Source: CoalMint Research
Given the steel plants in China and India running at high rates, the exports are expected to remain at highs in the succeeding month.
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