Indonesia May coal exports hit 3-yr low on weak buying from China and India

sxcoal.com Import & Export 2020-08-12 11:16:35

Indonesia's coal exports fell 28.47% year on year to 29.4 million tonnes in May, hitting the lowest in three years, customs data showed.


The exports were also 6.96% lower than April, which was mostly dragged down a slump of demand in India and China.


Indonesia shipped 3.5 million tonnes of coal to India in May, a sharp fall of 48.5% compared with the year-ago level, as COVID-19 pandemic dampened industrial activity and slashed power consumption.


Lockdown methods in India to contain the virus also led to decline of intakes. India's twelve state-run major ports, which handle more than half of the country's seaborne trade, had a nearly 20% fall in traffic during the quarter ended June, according to the Indian Ports Association (IPA).


Over the first five months, Indonesia sold 36.8 million tonnes of coal to India, tumbling 35% from the same period a year ago.


Indonesia's coal exports to China also fell 27.4% from a year ago to 11.4 million tonnes in May, amid China's strict import restriction and sufficient domestic supplies.


In light of the sluggish demand from the top two major destinations, Indonesia was also looking for more sales to Southeast countries.


Indonesian coal exported to Southeast countries grew 3.49% from a year ago to 7.7 million tonnes in May, sending total volume to 40.5 million tonnes, up more than 11%, customs data showed.


The country plans to export at least 400 million tonnes of coal in 2020, compared with 456 million tonnes in 2019, recorded by the BPS-Statistics Indonesia.


(Writing by Emma Yang  Editing by Jessie Jia)
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