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Nearly 1/5 of Newcastle, Australia June Coal Exports Go to China
Jul. 04, 2011 11:54AM PST
Industrial MetalsPlatts reported that almost 20% of coal exports from Australia’s Newcastle port went to China in June.
Platts reported that almost 20% of coal exports from Australia’s Newcastle port went to China in June.
The market news is quoted as saying:
China-destined export tonnage from PWCS’ coal terminals has been increasing steadily since China’s market share at Newcastle hit a low of 1.2% in February 2011 which was equivalent to only one Panamax cargo.