US coal exports fall 3%; India is top met coal destination: CAS
A divergence between the two coal segments defined the week ended Sept. 27, as US metallurgical coal shipments climbed while thermal coal volumes retreated sharply, leaving overall exports down 3% to 2,028,124 metric tons, from 2,086,231 mt the week ended Sept. 20, according to Sept. 29 S&P Global Commodities at Sea data. Metallurgical coal shipments ...
The week ended September 27 saw a 3% decline in overall US coal exports, with metallurgical coal shipments up 23.63% to 1,091,574 metric tons. This rise was driven by India's sudden emergence as the top buyer, taking in 340,839 mt of US met coal. Thermal coal shipments, on the other hand, fell 22.17% to 936,550 mt, as several destinations that had previously driven the volumes went quiet.
India climbed to the top spot for thermal coal destinations, receiving 346,597 mt, more than quadruple the 85,295 mt it received the previous week. The Netherlands took second place with 346,597 mt, while Brazil, Japan, and the Netherlands rounded out the top four for thermal coal.
Written by urgent.news from Hellenic Shipping News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
