Ssy reports that Australian coal exports in July jumped to a new monthly record of 24.9 million tonnes. This has largely due to the surge in China’s demand for imported coal.
In doing so, this has lifted year to date exports to 151 million tonnes compared with 147 million tonne in the same period of 2008.
Australian coking coal exports rose for the fifth consecutive month to 12 million tonne the highest level since November 2008. However, exports in the first seven months totaled 69 million tonne down by 13% from January to July 2008.
Source: Steel Guru
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