India, the world’s second-largest coal importer after China, is expected to import about 13.3 million tonnes of coal in September 2021.
India, the world’s second-largest coal importer after China, is forecast by Kpler to reach 13.3 million tonnes in September 2021, the lowest import month since June 2020, with imports falling. due to the economic impact of the corona virus epidemic.
According to Kpler’s estimates, this will be the fourth consecutive month of decline in imports and down more than 38% from April 2021’s 21.6 million tons, the highest level so far in 2021.
India mainly imports coal from Indonesia and Australia.
India imported about 3.8 million tonnes of coal from Australia in September 2021, down from 4.79 million in August and 6.4 million in July 2021.
Imports from Indonesia are expected to rise to 5.09 million tonnes in September 2021, up from 4.3 million in August and 3.34 million in August, according to Kpler.
Coal prices in Indonesia, thermal coal 4,200 kilocalories/kg (kcal/kg), as assessed by commodity price reporting agency Argus, rose to a high of $91.28/ton in the week to September 24. Prices are now up 303% since the 2020 low of $22.63 a tonne.
Australia’s premium thermal coal with a calorific value of 6,000 kcal/kg also increased last week, reaching $180.70/ton. Prices have risen 290% since the 2020 low of $46.37/ton, also in early September.
Australia’s premium thermal coal is mainly purchased by power companies in Japan, Korea and Taiwan, and is not a popular grade for Indian importers.
Total export volume of all types of coal in the world in September 2021 estimated by commodity consultant Kpler reached 122.8 million tons, the strongest month since December 2019. International
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