Kolkata, India — ESI-AFRICA.COM — 08 August 2011 – India’s power-station coal imports from South Africa fell 39% in July from a year earlier, according to India Coal Market Watch, published by online trading company mjunction Services Limited.
“Supplies from South Africa dropped to 1.29Mt from 2.1Mt in July 2010,” mjunction Services “’ a locally-based joint venture between Tata Steel Limited and Steel Authority of India Limited “’ confirmed in the report.
Bloomberg News reports that imports from South Africa have declined as average coal prices at Richards Bay rose 37% in the first seven months of the year to US$120.20/t from a year earlier, data from U.K.-based researcher IHS McCloskey showed. Shipments from South Africa slumped 21% to 7.55Mt in the first half, according to India Coal.
Coal prices at Richards Bay gained 1.5% week-on-week to an average US$117.46/t in the seven days ended 29 July, data from IHS McCloskey showed.
Shipments from the Richards Bay Coal Terminal dropped 27% in July from a year earlier, according to Bloomberg calculations based on data on the terminal’s website.
India imported about 21Mt of the fuel last year from South Africa.