Gladstone sees coal export spike

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Gladstone has recorded a massive 176 per cent increase in coal exports month on month.

The Gladstone Ports Corporation shipped approximately 415,000 tonnes of coal last month, a massive increase from February export levels.

Despite this huge increase, China’s actual import levels dropped off dramatically, falling down 56.5 per cent from last year to only 1.13 million, while inversely Indian consumption levels rose 10 per cent to reach 1.18 million tonnes.

Indian demand accounted for 3.6 million tonnes exported in the first quarter, jumping nearly a third compared to the corresponding period last year.