Wednesday, July 06,
India’s imports of coal from South Africa fell by 21% in the first half of 2011 from a year earlier while Chinese purchases rose 18%, according to India Coal Market Watch, published by Kolkata-based online trading company mjunction Services Ltd.
China and India accounted for about 39 percent of exports of the fuel from South Africa in the first half, according to mjunction.
Purchases by India shrank to 7.55 million metric tons through June, with imports last month almost unchanged from a year earlier at 1.2 million tons.
Coal prices at South Africa’s Richards Bay, which the operator says is the world’s single largest coal-export terminal, fell 0.5 percent to $117.06 a ton in the week ended July 1, data from Petersfield, U.K.-based researcher IHS McCloskey showed.
Source: Bloomberg
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