Australia Coal Market: Australia s exports of all grades of coal to China were 6.87 million metric tons in April, up from 6.83 million in March and the highest since November, according to data compiled by commodity analysts Kpler.
This decrease in coal imports, particularly evident in the thermal coal sector, comes in response to the steep increase in seaborne prices for low and mid-CV thermal coal.
India s coal imports decreased by 5% to 125.21 million tonnes in the April-September period of the current financial year, according to Coal and Power Minister Pralhad Joshi. He noted that if the production through auction and commercial coal auction had not started, the country would have needed to import 150 million tonnes based on compound annual growth rate projections.
The country s maximum power demand touched 240 gigawatt (GW) on Friday due to increased consumption on the back of hot weather conditions, an anticipated rise in industrial activity ahead of a festival season and high agricultural demand due to deficient rainfall.
The Indian government has extended its mandate to power plants to import coal until March as the country experienced the driest August in a little over 100 years, pushing electricity demand to a record high. Plants have been asked to import 4% of their supplies through March in a bid to avoid outages.