n
By Sethuraman NR and Sudarshan Varadhan
New Delhi (Reuters)-The United States should stimulate coal exports to India after China has imposed prices on energy imports from the United States, said five industry officials, potentially eroding Australia and Russian market shares on the Indian market.
Last week, the Chinese finance ministry said that it would impose 15% levies on American coal imports, which, according to officials, could push American minors to ship to India – the second largest importer of coal people behind China.
“Three American cargoes which were supposed to go to China landed in India and around 10 other cargoes are waiting. These are huge Capesities and which could lead to prices more,” said Vasudev Pamnani, Director of I-Energy Natural Resources in India .
“Other American imports of coal may have an impact on Australia,” Pamnani told the Coaltrans India conference on Monday.
In terms of volume, the United States represents a small part of the Chinese imports of coal, but the value of co -coke coal expeditions – used mainly by acidulors – has increased by almost a third to 1.84 billion dollars in 2024.
Malcolm Roberts, director of marketing for the largest American coal minor Peabody Energy, said at a conference call with analysts last week that more American coal could go to India and more Australian coal in China following Prices.
Australia was the coal supplier to Coke dominating India in the last decade, representing around 80% of all these shipments. Its share decreased 62% in 2024, while supplies from the United States as well as Russia and Mozambique helped India diversify.
Australia could now return to a share in China – its main market where it represented more than two -thirds of coal imports before China announced an unofficial ban on these imports in 2021. Mongolia and Russia are currently The largest co -cking charcoal exporters in China.
The United States represented 9% of the co-cking coal market in China in 2024, while Australia represented 8% of all these imports, according to Chinese customs data.
(Report by Sethuraman NR and Sudarshan Varadhan; Edition by Barbara Lewis)
n
n
