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Indian coking coal imports rise by 38pc in July

Source: Pixabay, September 7, 2019

Indian coking coal imports rose in July on the back of a rebound in volumes from Australia and Canada.

India imported 4.82mn t of coking coal in July, up by 38.2pc on the year and by 16.6pc from the previous month, according to data from e-commerce company Mjunction.

Australia was the largest supplier with 3.4mn t in July, up by 18.4pc from June, while July imports from Canada climbed by 152pc from the previous month to 679,005t.

Indian imports of US coking coal in June fell by 41.9pc on the month to 313,168t, while July shipments from Mozambique dropped by 19.1pc from June to 206,196t. India also took 154,968t of coking coal from Indonesia and 47,712t from New Zealand.

The Argus spot price assessment for premium hard low-volatile coking coal averaged $181.71/t fob Australia in July, down by 7.5pc from $196.38/t on the same basis in June.

India imported 1.02mn t of pulverised coal injection (PCI) in July, an increase of 62.7pc from the same month last year but a drop of 8.9pc from June.

Australia remained the largest PCI exporter to India in July with 661,337t, down by 17.7pc from June, while shipments from Russia rose by 12.5pc to 324,135t.

Indian imports of metallurgical coke were 319,183t in July, down by 21.6pc on the year but an increase of 47.2pc from June. The largest met coke suppliers to India were Poland with 65,545t, China with 64,911t, Russia with 51,959t and Australia with 30,378t.

News Source: Argus Media