Australian met coal exports expected to reach 186 Mt in FY 2022-23 Production & Sales,  International,  Coking Coal 2021-10-19 08:54:00

Australia's metallurgical coal exports are forecast to increase from 171 million tonnes in the fiscal year 2020-21 to 186 million tonnes in the FY 2022-23, and exports value is expected to rebound from $23 billion to $30 billion, showed data from the Resource and Energy Quarterly issued by the Office of the Chief Economic, Department of Industry, Science, Energy and Resources of Australian government.

With the recovery of industrial activities, market sentiment has been improving in recent months, yet global metallurgical coal production and transportation remained restrained by the COVID-19 pandemic and related restrictions, making it difficult for the supply to meet the recent rapid growth in demand. Under the background of short supply, global metallurgical coal prices have repeatedly broken records.

The global supply chain has now been reorganized, with the rising demand from India, South Korea, Japan and Europe offsetting the impact of China's import ban. The price of met coal in Australia has rebounded significantly, and accumulated stockpiles caused by China's import restrictions have also been basically depleted.

Due to the impact of the pandemic coupled with China's restrictions on the import of Australian coal, the largest met coal exporter saw its exports decline 3.5% year on year to approximately 171 million tonnes and the export value fell 31.8% to around A$23.4 billion.

However, the export revenue of met coal in Australia is expected to increase further in anticipation of more imports during the FY 2022-23.

In addition, Australia's met coal supply is expected to soon be supported by the expansion of the Russell Vale coal mine of Wollongong Coal Limited. The mine had received environmental permits on its expansion plan in early September.

Australia's met coal production is expected to increase from 170 million tonnes in FY 2020-21 to 192 million tonnes in FY 2022-23.

(Writing by Emma Yang  Editing by Harry Huo)
For any questions, please contact us by or +86-351-7219322.

Share this article
Connect with us

Editor's Pick

1 China's Jan-Nov steel products exports rise 26.7% YoY, GAC 2021-12-07

China's finished steel exports rose 26.7% year on year to 61.88 million tonnes during January-November, according to the General Administration of Customs. The export value amounted to $7

2 China Jan-Nov iron ore imports down 3.2% YoY 2021-12-07

China imported 1.04 billion tonnes of iron ore over January-November, falling 3.2% compared with the same period a year ago, showed the latest data from the General Administration of Customs on Decemb

3 China Jan-Nov steel products imports down 29.6% YoY, GAC 2021-12-07

China imported 13.27 million tonnes of steel products during January-November, falling 29.6% compared with the same period a year ago, according to the latest data released by the General Administrati

4 China Coal Daily Track (Dec 7) 2021-12-07

Thermal coal Production area Coal prices declined in Ordos of Inner Mongolia, while lump coal prices were stable in Shaanxi supported by smooth offtakes. Buying activity from utilities and trad

5 China steel association suggests improving coking coal term contract mechanism 2021-12-07

China Iron and Steel Association called on the improvement of term contract mechanism for coking coal as a measure to ensure price stability, after a serious supply shortfall sent the steel-making coa

6 Indonesia's Bumi Resources Jan-Sep raw coal output falls 3.1% 2021-12-07

Bumi Resources, a major Indonesian coal producer, reported a year-on-year decline of 3.1% in raw coal production to 58.8 million tonnes in January-September, according to its quarterly report.

7 India Nov coal production at new high in this FY 2021-12-07

India produced 67.84 million tonnes of coal in November, rising 7.38% from the previous year and 6.28% from October, showed data from Ministry of Coal of India. The November coal output c

8 China's natural gas prices plummet on weak demand 2021-12-07

The average ex-plant price of indigenous liquefied natural gas (LNG) in China settled at 7,054 yuan/t on December 1, down 1,184 yuan/t or 14% from the highest since November, according to data from th

9 China Nov coal imports soar 200.33% on yr, GAC 2021-12-07

China's coal imports jumped 200.33% or 23.38 million tonnes from a year ago and 30.1% or 8.11 million tonnes from October to 35.05 million tonnes in November, showed data from the General Administr

10 Guanghui Energy inks 6.9 Mt coal contract with China Huaneng 2021-12-07

Guanghui Energy Co., Ltd said in a statement on December 6 that it entered into a coal supply contract totaling 6.9 million tonnes with China Huaneng Group for 2022. The agreement include

Most Read Articles

1 Mongolian coal exports to be containerized, finance minister 2021-12-01

Coal exported from Mongolia to China will be fully containerized to comply with the requirement of the demand side, according to Mongolian finance minister B.Javkhlan. "We are meeting all

2 China's Manzhouli suspends coal imports on COVID-19 2021-12-01

China's largest land port Manzhouli, located in Inner Mongolia and bounded by Russia and Mongolia, temporarily banned imports of coal as well as some other products, as the recent cases of COVID-19 fo

3 Mongolian coking coal prices extend rise after China tightens entry rule 2021-12-02

Mongolian coking coal prices extended gains on December 2 in anticipation of reduced supply after China's Ganqimaodu border crossing, the largest gateway for Sino-Mongolia coal trades, announced to fu

4 China issues draft plan for long-term contract coal pricing mechanism 2021-12-03

The long-awaited coal pricing mechanism for 2022 long-term contracts has been unveiled, according to a draft plan issued at the National Coal Trade Fair held on December 3. The draft, mad

5 China tightens grips on imports through inland ports on pandemic concerns 2021-12-01

China has tightened import restrictions at some inland border crossings by suspending non-containerized coal transportation to reduce the infection risk through bilateral trades following continuous i

6 China's Manzhouli to suspend customs clearance as infection escalates 2021-12-03

China's Manzhouli road border crossing is going to suspend on-site loading and unloading, transportation and customs clearance for imports, including coal and fine ore starting from December 3, accord

7 S Africa's Richards Bay Oct coal exports down 25% YoY 2021-12-01

South Africa's Richards Bay Coal Terminal (RBCT) exported 5.24 million tonnes of coal in October, down 24.69% from the year-ago level and 8.97% from the month prior, touching the lowest level for the

8 Indonesian thermal coal trades quiet as buying enthusiasm fades 2021-12-01

Indonesian thermal coal market saw an uneventful session at the beginning of this month with offers and bids largely unchanged, according to traders on December 1, but participants continued to fret a

9 Chinese utilities slow coal purchases awaiting further market cues 2021-12-02

Chinese utilities have slackened spot coal purchases in the domestic market this week as they expected prices to fall back soon amid looming government price adjustment. Growing supplies also weighed

10 Chinese thermal coal prices edge lower as demand wanes 2021-12-03

Chinese domestic thermal coal prices edged lower on December 3 as many buyers stayed out of the market following the government's announcement for a new pricing mechanism for long-term contracts for 2