South African Coal Exports Down 1.1% in 10M CY’19
--South African coal exports have witnessed slight decline during the first 10-months of CY’19 (Jan-Oct’19) noted at 64.68 MnT, as against 65.42 MnT in preceding year. Apparently, export volumes have been affected by a tight supply in the domestic market, with buyers offering higher prices than those on the seaborne market which have limited South African coal exposure to exports.
--South African coal export for India rose to 34.36 MnT in 10M CY’19 against preceding year by 15% Y-o-Y, followed by Pakistan, Vietnam & UAE accounted for 9.83 MnT, 2.22 MnT & 1.19 MnT respectively.
--Import volume for Netherland accounted 0.85 MnT (down – 73.1%), South Korea 3.08 MnT (down – 48.9%), Sri Lanka 1.21 MnT (down – 1.7%) & Mozambique 1.26 MnT (down – 55.1%).
source: SteelMint
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