Australian coal exports via Gladstone drop 12% MoM in February

Exports of coal for all uses from Gladstone port in Northeast Australia's Queensland reached 5.1 million tonnes in February, lower by 12% from January, according to the latest data from Gladstone Ports Corporation (GPC).

Notably, shipments to China, typically the fourth largest overseas destination for coal cargoes from the port, totalled only 69,465 tonnes in February. The volume slumped 71% on month and 85% on year, with China ranking last among the export markets for Australian coal via Gladstone, the data show. Last month's