Coal throughput via Australia's Gladstone port up 7% MoM in October

Australian coal exports from Gladstone port in Queensland, Northeast Australia, during October climbed by 6.7% on month and 5.3% from the year-ago level to 6 million tonnes, mainly underpinned by robust demand from South Korean buyers, according to data from Gladstone Ports Corporation (GPC). About 70% of the coal shipped through the port is metallurgical coal, Mysteel Global notes.

Last month, coal shipments via the port to South Korea surged 45% from September and 146% on year to total 1.73 million tonnes, topping the 1.68 million tonnes recorded in July to become the intra-year high, the port's data showed. Although the port didn't provide explanations for this significant export