The most popular Chinese coal enterprises that res

2022-08-23
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On November 20, author Clyde Russell wrote that since the Sino US trade dispute, American coal exporters have actually lost such a promising market as China. But so far, the United States has found other buyers in Asia, the most important of which is India

in August, China imposed a 25% tariff on coal imported from the United States as part of its response to the export tariff of US President Donald Trump

According to the ship tracking and port data compiled by refinitiv, China did not import any coal from the United States in October, while only two coal ships with a total of 212000 tons of American coal arrived in China in November

however, the two batches of coal unloaded in November started before the US tariff policy took effect on August 23

although China is not the most important coal importer of the United States in Asia, since this year, China has gradually increased its importance in U.S. coal exports

in this month, China imported 3.2 million tons of coal from the United States, far lower than 5.1 million tons in the same period last year

most of China's imports from the United States are high-quality coking coal, and the price of coking coal is usually about twice that of thermal coal

however, the loss of the Chinese market has not dealt a serious blow to U.S. coal exporters, as these enterprises have now found other buyers in Asia

According to refinitiv data, India imported 13.5 million tons of coal from the United States in the first 10 months of this year, an increase of 36% over 9.9 million tons in the same period last year

Japan is the third largest coal importer in Asia except China and India. It imported 7.1 million tons of coal from the United States in June, also higher than 6.2 million tons in the same period last year

generally speaking, in the first 10 months of this year, Asian countries imported 28.2 million tons of coal from the United States, an increase of 2.5% over 25.3 million tons in the same period last year It can prolong its service life by 9%

US coal export price reduction

for us coal exporters, this does not sound a bad result, but the data does not reflect whether it is relatively easy for us coal companies to sell in Asia, or whether they will reduce prices in order to maintain their competitive advantage with exporters such as Australia and Indonesia

however, data from the US energy information administration showed that in the second quarter of this year, the average price of coking coal exports from the United States to China was $129.96/short ton, or $142.96/ton

in this month, the price of coking coal exported from the United States to India was 147.72 US dollars/short ton

in the same period, the coking coal futures price based on the Australian delivered steel index price on the Singapore Exchange was between US dollars/ton

although coal pricing does not take into account any quality differences or freight costs, it still means that American coal exporters need to reduce prices to export coal to the Chinese market

with the export slowdown in recent months, the export of American coal enterprises to India may also show some downward signs

refinitiv data show that India's coal imports from the United States reached a peak of 2.3 million tons in May, and then decreased month by month. In October, the import volume fell to a low of 1.05 million tons

ship tracking data shows that India's import volume may pick up in November. In November, India's coal imports from the United States are expected to increase to about 1.19 million tons of high-end metal new material characteristic industrial clusters, but still far below the peak reached in May

in general, although American coal exporters can find a market in Asia to replace China's reduced imports, this may be at the cost of tightening screws to accept lower export prices and relying more on exports to India, and the Indian government's policy is to achieve zero coal imports

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