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RBCT Coal Exports Edge Higher in August 2019

Coal News - Published on Thu, 12 Sep 2019

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Argus reported that South African thermal coal shipments to key markets India and Pakistan supported total loadings from the Richards Bay Coal Terminal in August, but uncertainty over industrial demand in south Asia could curtail exports over the remainder of the year. RBCT loadings rose by 275,600 tonne on the year to 5.25 million tonne in August, supported by steady demand from India and Pakistan as well as increased shipments to South Korea. It exports to south Asia crept higher last month with 2.76 million tonne sailing for India and 953,400 tonne for Pakistan, up by 254,900 tonne and 20,800 tonne from August 2018, respectively. A jump in exports to South Korea boosted August loadings, with 628,500 tonne shipped to the northeast Asian country compared with zero in August 2018. This was the highest loading for South Korea since May 2018, but exports over the first eight months of 2019 stumbled to 2.53 million tonne from 5.2 million tonne a year earlier.

Elsewhere, South African exports to Europe continued to be limited amid high port inventories and weak power-sector coal demand driven by competitive gas prices. RBCT shipments to the Netherlands totalled 162,800 tonnes last month, the first export to this transhipment hub since May, but down from 414,300t in August 2018.

Aggregate January-August RBCT exports rose by 340,900 tonnes from the same period of 2018 to 45.96 million tonnes, but were still down from an average of 47.02 million tonne during the same eight-month period in 2015-17.

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Posted By : Rabi Wangkhem on Thu, 12 Sep 2019
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