Coal Trade: Chinese imports for May trend higher
China's total seaborne imports of all types of coal appear to have increased in May, from the level of April. Australian cargoes also appear to have made a recovery after dropping off last month.
Total seaborne coal imports into China between 1-15 May were recorded at 12.57 mt by IHS Markit's Commodities at Sea ship tracking service. This is up on 8.78 mt in 1-15 April and 9.28 mt in 1-15 March.
Seaborne arrivals in 1-15 May averaged 0.84 mt/d, up on the April and March averages of 0.62 mt/d and 0.67 mt/d respectively.
The current rate is also much higher than that recorded for May 2018 when 18.18 mt of seaborne imports were tracked at an average of 0.59 mt/d.
The total seaborne tonnage for Chinese arrivals in 1 January-15 May comes to 89.35 mt, averaging 0.66 mt/d, up from the same period last year when 87.84 mt was tracked at a rate of 0.65 mt/d.
For 1-15 May, Australia sent 4.17 mt accounting for a 34% market share. This is up on its share of arrivals in April at just 23%, but just below 35% in May 2018.
Indonesian cargoes accounted for 5.99 mt, or 49% of arrivals in 1-15 May, which is down on its 60% market share in April. In May 2018, Indonesia's share of seaborne arrivals was 46%.
Russian arrivals were up at 1.61 mt in 1-15 May, giving a market share of 13%, which is up on its April share of 8%. In May 2018, Russia held a share of just 6%.
Posted by Billy Youngson, Principal Research Coal Analyst, IHS Markit
- Out of Africa into the world: Palm oil trade under global value chain and sustainable initiatives
- An introduction to AIS within the realm of Risk & Compliance
- RCEP - the game-changer in the post-COVID-19 global economy?
- Charting COVID Pandemic Effects on U.S Mexico Trade December 2020
- Congestion related to cold weather and coal shortage in China supported counter–seasonal strength in freight rates
- Monthly Global Trade Monitor - January 2021
- 2020 in Review – How did the Maritime Industry respond to COVID-19?
- Dredging industry builds smaller vessels
RT @IAPHWorldPorts: Register today for our February webinar 'The future for ship-shore community data sharing - a public highway or individ…
AIS is an easy and cheap means to track vessels internationally, positional data can be linked back to a ship that… https://t.co/Zub0QLYUrk