Himfr.com Reports Australian Coal Export Usher In Good Times

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According to the Sydney Morning Herald reported a few days ago

, the momentum of Asia's coal demand rose significantly, iron and steel industry, demand continues to rise, which will further contribute to Australia's coal export volume increased.

Australian coal company Century (Centennial Coal), said that the company's coal exports on the rise. Century coal company expects the Asia-Pacific markets this quarter, continued strong demand for all kinds of coal, the company will continue to Ken Port and Newcastle port coal exports.

Australia New South Wales Coal Company said that in September, coal demand side has been gradually to restore traditional coal market conditions. The company's third-quarter sales rose 22% to 380 million tons, while exports last year, compared with 3.1 million tons. In July, Australia exported about 24.9 million tons of coal, a large number of China's coal imports was mainly due to increased demand. The country's total exports in 2009 reached 151 million tons, while last year 147 million tons. In late August, the Australian port of Newcastle coal exports rose 35%, waiting for the number of vessels has also increased.

Coal transportation in the region increased from 620,000 tons in April to September rose to 200 million tons. It is the Australian coal industry, the latest data, which also shows that ushered in the Australian coal export their best period. Venture capital firm Patersons analyst Harrington said this suggests that the global demand for coal are rising, the transaction prices of coking coal went up to 170 U.S. dollars a tonne, while the previous price of 125 U.S. dollars per ton basic. Coal demand is one reason for rising demand from China, a large-scale rising, because China has now become a large coking coal. In addition, since late last year to reduce demand, demand for steel mills Europe and the United States recently in the rise.

U.S. coal company's data also showed that the U.S. domestic steel mills in coal demand rising. Dennis Wall Street investment analysts said that the U.S. steel mill steel production in September data showed the U.S. imports of coking coal will continue to rise, mainly from Australia and other Asian countries imported coal. Judging by the Australian coal services company in the port Port Waratah Coal Service figures released by the point of view, September 9% of the coal exports are shipped to China, which is much higher than the previous average. Harrington said the continued strong demand for China's coal, which contrary to his expectation. Because he had expected China's demand will be reduced because of the gradual recovery and China's domestic coal production has risen too.

by: heiyou

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