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North American coal shipments to India rise; cuts dependence on Australia

Published by
World Coal,


As shipments of North America metallurgical coal to India rose during the year ended March 2019, Indian steelmakers looked to reduce its dependence on Australian goods.

During this year, Australia's share in India's metallurgical coal market declined to 36.91 million t.

India’s statistics were revealed a day after customs data reported that Chinese imports of Australian metallurgical coal practically halved in May from a month earlier. It comes after buyers decided to hold off on purchases due to uncertainty regarding government policy on Australian imports.

Imports of Australian metallurgical coal was at 1.38 million t in May, compared to 2.72 million t in April and 2.09 million t in the same month last year.

The Australian coal import delays – caused by extended port inspections amid Australian and Chinese trade tensions – do not seem to be lessening.

According to a Beijing-based trader: “[The] market is cooling down after a temporary enthusiasm in April, as imported coal was a lot cheaper compared to domestic metallurgical coal. But traders now worry more about uncertain policy in the coming months. […] Also, with heightened production restrictions in Northern China, demand of steel-making raw materials is expected to wane."

Yet, whilst Indonesia was the premier supplier of thermal coal to India in 2018 - 2019, Australian thermal coal imports could see a rise soon once Adani's Carmichael mine begins exporting.

Read the article online at: https://www.worldcoal.com/coal/27062019/north-american-coal-shipments-to-india-rise-cuts-dependence-on-australia/

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