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China Mar Coal Imports Terminals up 15.6pct

2016-04-06 11:01:27

 
 

China’s coal imports from two terminals of Carrington and Kooragang at Newcastle port in eastern Australia stood at 913,100 million tons in March, up 15.55 percent from February, the latest data from Port Waratah Coal Services (PWCS) showed on April 1.

The two terminals exported a total 9.18 million tons of coal in March, up 1.38 percent on year, including 7.8 million and 1.38 million tons of thermal and coking coal, separately.

In 2015, China imported 12.96 million tons of coal from the two terminals at Newcastle, compared with 25.3 million and 24 million tons in 2014 and 2013, respectively.

Major producers Centennial Coal, Glencore, Rio Tinto and Yancoal are among those to ship coal via the PWCS coal terminals at Newcastle port.

The two terminals at Newcastle loaded nearly half or 4.1 million tons of coal destined for Japan in March, down 5.7 percent from February, PWCS data showed.

Taiwan received the second highest volume of PWCS coal exports at 1.24 million tons in March, down 13.4 percent from February.

South Korea imported 1.22 million tons of coal from the two terminals, up 13.08 percent on month.

The Philippines booked 133,100 tons of coal from the two terminals in March, the highest in 2016, compared with zero in February, according to PWCS shipping data.

Smaller emerging coal import markets such as Thailand, Malaysia and Mexico have been gradually increasing their offtake volume from PWCS coal shippers and this is helping to offset some of the declining Chinese demand.

Source: China Daily

 

 

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