Nearly 1/5 of Newcastle, Australia June Coal Exports Go to China

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.

To read the full market news, click here.