Global trade for metallurgical coal is expected to increase
by 5% to reach 286 million tons in 2013 due to increasing demand and rising
imports in India and China.
The growth in the trade of 5% is more compared to the growth
expected in 2012, say's a report by Australia's Bureau of Resources and Energy
Economics (BREE).
India's metallurgical coal imports are expected to increase
by 16% to reach 26 million tons in 2013, however China is likely to see a
growth of 19% to reach 58 million tons according to report.
Japan and South Korea are expected to see 55 million tons
and 34 million tons of metallurgical coal imports in 2013 respectively, up by 54 million tons and 33 million tons expected in 2012.
On the other hand benchmark price for Premium Hard Coking
Coal is anticipated to reach $171/MT (FOB Australia) in 2013, down from $210/MT
this year.
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