India imported 4.16 million mt of US met coal, down slightly from the 4.21 million mt in 2019. However, imports of US mid-vol HCC rose to 2.66 million mt in 2020, up 17% from 2019, Iman Resources FZ, a UAE-based coal and solid fuels trading group, said in a report.
India's US mid-vol imports have been higher than 2020 levels so far this year, with 236,165 mt in January and 282,423 mt imported in February, it said. In January, India imported 76,143 mt of US high-vol HCC, Iman said.
Major US miners supplying coking coals to India include Alpha Metallurgical Resources, Blackhawk Mining and Arch Resources, with international traders also active.
India imported 389,704 mt of premium low-vol HCC from the US in 2020, over double volumes of the grade imported in 2019.
In 2020, India grew Russian met coal imports to over 769,000 mt, from 300,820 mt in 2019, with an expansion in high-vol and semi-hard coking coals brought in last year, and less Russian mid-vol HCC grades.
Iman expects demand from merchant cokemakers to be strong in India, as margins improve, especially for merchant trade in the smaller West Coast market. Iman's research shows West Coast merchant cokeries see a higher dependency on Australian coking coals and limited US met coal consumed.
The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today
Uzbekistan’s aluminium cans manufacturing unit to reduce dependency on imported aluminium packaging
Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they?
