Australian steam coal exports decline in August, down 14% m-o-m

Australian steam coal exports declined by 13.8% m-o-m to 16.4m tonnes in August; although still were 4.8% higher y-o-y. Shipments to Japan increased to 7.5m tonnes, up 10.3% m-o-m and up 14.5% y-o-y. Exports to China totalled 3.2m tonnes, down 28.9% m-o-m but still were 14.2% higher y-o-y. Dispatches to South Korea totalled 2.2m tonnes, down 37.3% m-o-m but still were 9.3% higher y-o-y.  Exports to Taiwan declined to 1.7m tonnes, down 31.8% m-o-m and down 18.6% y-o-y.

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Australia exported 132.7m tonnes over the first 8 months of the year, up 2.1m tonnes or 1.6% y-o-y. Shipments to Japan increased to 53.6m tonnes, up 3m tonnes or 5.9% y-o-y. Dispatches to China increased to 28m tonnes, up 5.7m tonnes or 25.5% y-o-y. On the other hand, Shipments to South Korea declined to 20.6m tonnes, down 2.3m tonnes or 10.1% y-o-y. Exports to Taiwan declined to 15.1m tonnes, down 700KT or 4.4% y-o-y.

Source: ABS