Loading...
See More

Asia takes 78% of SA's coal exports

Mar 23 2012 08:54 Reuters

Related Articles

Shabangu takes aim at RBCT

Strikes bite into Optimum Coal profit

SA ups coal exports from Richards Bay

SA coal exports rise, China's share up

Ending the coal addiction

SA misses coal boom

 

London - Asia's share of South Africa's coal exports rose to 78% or 4.7 million tonnes in February out of a total of 6 million, up from 61% in the previous month, exporters said.

Asia, including India, has taken an increasing proportion of South Africa's coal during the past few years and despite the substantial rise in monthly export tonnages seen since last June, while Europe's share has been shrinking.

Although China has been largely out of the spot market since December, imports previously bought have continued to be shipped, as the February data show.

China and India's ability to absorb South Africa's coal, as the country has maintained a higher monthly level of exports, has been a key factor supporting international coal prices in recent months.

India took 1.9 million tonnes in February, up from 1.3 million in January.

China, a key spot buyer of most coal origins, took 965 000 tonnes in February, up from 316 000 in January.

The Atlantic market as a whole accounted for 1.3 million tonnes in February, down from 1.6 in January.

Amsterdam-Rotterdam-Antwerp (ARA), Europe's main coal import hub, brought in only 160 000 tonnes or one capesize cargo of South African coal in February.

 
exports  |  coal
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

Small Business

New forms of digital technology are changing the very ways in which entrepreneurs run their businesses.
 
 

6 life hacks you simply have to know

A few simple tricks can make your life so much easier!

 
 

For chic geeks...

Device lets disabled people talk through their nose
It’s THIS easy for someone to steal your ATM pin!
This is why you should install iOS 8
17 photo illusions that look so real

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...