AUSTRALIAN PORT TARIFFS RISE
The landed costs of coal imports from Australia are expected to rise as the Australian coal handling ports have raised the port tariffs by 3%.
COAL INVENTORIES COME DOWN AT CHINESE PORTS
As a sequel to the active coal consumption in China, coal stocks at the major ports in China have come down. According to the information received, the following are the latest status of coal inventories at the major ports in China:
| Quantities in MnT | |||
| PORT | 28 July’17 | 21 July’17 | Change |
| Qinhuangdao | 570 | 599.5 | -29.5 |
| Guangzhou | 211 | 202 | 9 |
| Jinzhou | 66.26 | 78.45 | -12.19 |
| SDIC Jingtang | 108.1 | 102.6 | 5.5 |
| Caofeidian | 244.4 | 259.4 | -15 |
| Huanghua | 161.7 | 160.5 | 1.2 |
| TOTAL | 1361.46 | 1402.45 | -40.99 |
Source: CoalMint Research
Demand for coal from steel makers as well as power generators has gone up substantially in China. On account of the summer season, coal consumption by the thermal power plants has peaked; while the active steel making has rendered strong demand for Coking Coal.
COAL PRODUCTION IN MONTANA RISE ON HIGHER EXPORTS
Driven by higher exports, coal production in Montana of Canada were up by 1.5 MnT to 14.95 MnT in Jun’17 as compared with the production in Jun’16. Most of the coal was shipped to Asia Pacific buyers. Lighthouse Resources’ Decker Mine and Cloud Peak Energy’s Spring Creek Mine, both situated in Southeast Montana, saw the biggest gains.
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