Newcastle’s Exports to China Decrease

According to Argus Media, the PWCS data confirms that Chinese demand had fallen sharply in February 2010, as the weather got warmer and demand was affected by a week long holiday in mid-February 2010 for the lunar new year. Newcastle exported a total of 7.87 million mt of coal in February 2010, of which 74% was thermal coal and the rest coking coal. January 2010 saw 7.83 million mt exported, consisting of 82% thermal coal. December 2009 exports totaled 1.47 million mt, with thermal coal accounting for 78%.