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Since March, seaborne imports of thermal coal have exceeded 28 million metric tons every month, except for the 27.63 million from June, according to Kpler. In 2022, seaborne imports of thermal coal only once breached the 24 million metric tons level, in November, and were below 20 million for eight of the 12 months. China's July coal production was 377.54 million metric tons, which was down 6.3% from June, with the lower output coming as China increases mine safety inspections. China thermal coal imports from Australia, Indonesia and RussiaAUSTRALIAN IMPORTSChina has returned to buying Australian thermal coal after Beijing ended its unofficial ban on such imports, imposed in mid-2020 amid a political dispute with Canberra. China's imports of Australian thermal coal are estimated at 4.89 million metric tons in August, down from a three-year high of 5.41 million.
Persons: Tingshu Wang, Stephen Coates Organizations: Huawei, REUTERS, Rights, Newcastle Port, Argus, Indonesia, Reuters, Thomson Locations: Shenmu, Yulin city, Shaanxi, China, Rights LAUNCESTON, Australia, Qinhuangdao, India, Indonesia, Russia AUSTRALIAN, Beijing, Canberra, Newcastle, Kpler
China's increased appetite for thermal coal from Australia and Russia has led to a shift in imports by India, the world's second biggest coal buyer. From December to February India's imports of Australian thermal coal had been above 1 million metric tons per month, peaking in January at 1.79 million. In contrast India is turning back to thermal coal from Indonesia, with July arrivals of 6.87 million metric tons, up from 6.04 million in June. For July, Indonesia's share of India's thermal coal imports was 63%, which was the highest since the 65% in April. China and India both generally import Australian thermal coal of a lower energy value than the traditional buyers of Japan, South Korea and Taiwan.
Persons: David Gray, it's, Indonesia's, Shri Navaratnam Organizations: REUTERS, Labor Party, Liberal, National, China, Argus, Reuters, Thomson Locations: Ulan, New South Wales, Mudgee, Australia, LAUNCESTON, Beijing, Asia, China, Mongolia, Indonesia, Russia, India, Japan, South Korea, Taiwan, Australia's Newcastle, Ukraine
To be sure, China's imports of thermal coal from Australia, the world's second-biggest coal exporter, still lag well behind the 19.29 million tonnes in April from top supplier Indonesia. Australian thermal coal also tends to head to southern ports, but the grade most often imported by China has a higher energy content than those from Indonesia, meaning Australian fuel tends to compete directly with local supplies. China and India imports of Australian thermal coalINDIA SWITCHES TO SOUTH AFRICAWhile China has been snapping up Australian thermal coal, volumes being shipped to India, the world's second-largest importer, have been slipping. India's total imports of thermal coal are expected to rise to 14.77 million tonnes in April, with Indonesia taking the lion's share at 9.66 million tonnes. As Australian thermal coal has left India's import mix, imports from rivals such as South Africa have moved higher.
Now it bustles with vessels loading up with coal, as Russia's invasion of Ukraine drives a worldwide race for the polluting fuel. The resurgent coal demand, driven by governments trying to wean themselves off Russian energy while keeping a lid on power prices, clashes with climate plans to shift away from the most polluting fossil fuel. Global seaborne thermal coal imports reached 97.8 million tonnes in July, the highest level on record and up more than 9% year-on-year, an analysis from ship broker Braemar shows. The bloc's ban on Russian coal imports has further increased pressure on electricity generators to find alternative sources of the fuel. Russia usually provides about 70% of the EU's thermal coal, according to the Brussels-based think-tank Bruegel, while it typically supplies 40% of the bloc's natural gas.
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