metallurgical coal exports are on course to decline next year
while global trade is forecast to rise due to "strong import
growth in China and India," Australias Bureau of
Resources and Energy Economics said in a report Wednesday.
Global trade in metallurgical
coal is expected to increase 5 percent to 286 million tonnes,
which would be on top of the 5-percent increase anticipated for
2012, according to the report.
U.S. exports are estimated to
reach 54 million tonnes in 2013, down 5 percent from this year,
while Australia is expected to see an 11-percent increase in
exports during 2013 to 161 million tonnes, underpinned by
increased production from BHP Billiton Mitsubishi Alliance
On the import front,
Chinas metallurgical coal intake is forecast to grow 19
percent to 58 million tonnes in 2013, while India is expected
to see a 16-percent increase to 26 million tonnes, the report
However, the premium hard coking
coal benchmark price is expected to average $171 per tonne
f.o.b. Australia in 2013, down from $210 per tonne this
Last week, BHP Billiton
Mitsubishi Alliance and Nippon Steel & Sumitomo Metals
Corp. settled the first-quarter contract price at $165 per
tonne f.o.b. Australia, down $5 from the price seen earlier in
Japan and South Korea next year
are expected to import 55 million tonnes and 34 million tonnes
of metallurgical coal, respectively, up slightly from the 54
million tonnes and 33 million tonnes forecast for 2012.
European Union imports are
expected to remain unchanged at around 46 million tonnes in
2012 and 2013, the report said.
A version of this article was
first published by AMM sister publication Steel First.