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China, India coal offtake from Australian Gladstone port rises in June

Date:10/07/2015   View: 1225   Tags: China India coal
Queensland coal shipments from Gladstone port to China in June doubled from May to a one-year high of 1.48 million mt, and India's offtake from the Australian port rose to a&nbsp;two-year high of 1.67 million mt, Gladstone Ports Corp. said Wednesday.<br /> In the fiscal year ended June 30, China took delivery of 12.93 million mt of coal exports from Gladstone port, which is a shipping point for companies including Cockatoo Coal,&nbsp;Glencore, Jellinbah, Rio Tinto, Yancoal and Wesfarmers.<br /> The shipments were down 31.4% year on year from 18.86 million mt of coal sent to China in fiscal 2013-14.<br /> China-bound ships loaded 750,000 mt of coal exports at Gladstone port in May and 1 million mt in April. In June 2014, the Queensland coal port shipped 1.61 million mt of coal to&nbsp;China, a record that still stands.<br /> Gladstone port ships both thermal and metallurgical coal from around 20 coal mines in Queensland's Bowen Basin coal field delivered on two rail networks, Blackwater and the&nbsp;smaller Moura system. INDIA, JAPAN<br /> India was the destination for 13.49 million mt of Gladstone's coal exports in the June-ended fiscal year, up 9.4% from 12.33 million mt in the preceding fiscal year.<br /> Last month's coal shipments to India were the highest recorded since Platts started tracking Gladstone coal exports data in July 2013, and the previous monthly record was 1.44&nbsp;million mt in May 2014.<br /> Indian buyers, particularly cement companies have been buying thermal coal cargoes at Gladstone port, attracted by market prices lower than comparable calorific value South&nbsp;African coal, sources said.<br /> Japan maintained its offtake of coal exports from Gladstone port at 22.58 million mt in the fiscal year ended June, compared with 22.25 million mt in fiscal 2013-14.<br /> June's Gladstone coal shipments to Japan were 2.01 million mt, down from 2.42 million mt in May.<br /> South Korea received 10.35 million mt of coal exports from Gladstone coal shippers in the June-ended fiscal year, up 10.8% year on year from 9.34 million mt.<br /> Taiwan is another significant customer for Gladstone coal exports, taking delivery of 2.99 million mt in fiscal 2014-15, down 2% from 3.06 million mt a year earlier.<br /> <p> Gladstone port's two coal terminals of Barney Point and RG Tanna shipped 69.38 million mt of coal in the year period ended June, down 0.3% from 69.62 million mt in fiscal 2013-14, the data showed. </p> <p style="text-align:center;"> <img src="/upfiles/news/image/20150710/20150710143111_5163.jpg" alt="" /> </p>

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