Data provided by McGregor BFA
All data is delayed
Loading...
See More

India, China, Taiwan top SA coal importers

May 21 2012 15:11 Reuters

Related Articles

LontohCoal reneges on coal pact

Asia takes 78% of SA's coal exports

Asia takes most of SA's coal in March

Indian coal giant buys SA rights

Grindrod sells stake in Maputo terminal

SA ups coal exports from Richards Bay

 

London - Asia absorbed most of South Africa's 5.2 million tonnes of coal exports in April, led by India, China and Taiwan, exporters said.

Almost all of South Africa's thermal coal is exported from the private Richards Bay Coal Terminal (RBCT) in Kwazulu Natal, which is owned by mining majors Anglo Coal, BHP Billiton [JSE:BIL], Xstrata, Glencore, Exxaro, Total and Optimum Coal Holdings.

A much smaller tonnage is shipped from Richards Bay Dry Bulk Terminal, Durban and Maputo in Mozambique by traders including Vitol and Noble.

India took 1.6 million tonnes of coal in the month, down from 1.9 million in March. China's imports dipped to 810,000 tonnes from 1.3 million.

Taiwanese imports held steady at 840,000 tonnes, compared with 800,000 tonnes in March.

The coal market globally has become oversupplied because almost all major exporters are now producing and shipping more, while demand has been limp in Europe and weaker than expected in Asia.

The Atlantic market, which is still suffering from oversupply and weak demand, took 1.2 million tonnes, slightly down from 1.4 million in March.

Nothing was imported into Europe's Amsterdam-Rotterdam-Antwerp coal-importing hub in April. A month earlier, 200,000 tonnes were imported, or slightly more than one capesize cargo.

 
coal exports
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

Standard Bank is looking for 12 entrepreneurs to participate in a 10-part TV series. They could win a R1m investment into their dream.
 
 

SA political parties go to church

Leaders of different political parties have attended a church service at the Tyrannus Apostolic Church in De Deur.

 
 

Latest elections multimedia

Why Jack Parow wants you to vote on 7 May
The ad the SABC doesn't want to air
Elections 2014 in one cartoon
This year's election posters

Money Clinic

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