Australian coal exports from Gladstone drop 2% MoM in November

Coal exports from Gladstone port in Queensland, northeast Australia, totalled 5.9 million tonnes in November, down 1.7% from October and 12.4% from November last year, according to the latest data from Gladstone Ports Corporation (GPC).

Despite the on-month drop in the port's total coal throughput, combined shipments to the regular top four destinations – Japan, India, China and South Korea – managed to rise from October, driven by surges in China- and India-bound cargoes last month, Mysteel Global observed. According to the GPC data, November