India’s thermal coal imports rose by more than 15 percent in the first three months of 2018, with Indonesia accounting for about three-fifths of total supplies, according to vessel arrival data from Dubai-based coal trader American Fuels & Natural Resources.
India’s rising coal imports are contributing to higher demand across Asia this year, which has pushed benchmark Australian coal cargo prices above $100 per tonne, a price not seen at this time of year in more than half a decade.
Imports rose to 39.6 million tonnes during the three months ended March 31, the data from American Fuels, a supplier of coal from the United States, showed.
That is up from 34.4 million tonnes of thermal coal during the first three months of 2017, according to Indian government data which matched the data from American Fuels. Read More