Yancoal Australia’s Metallurgical Coal Sale in 2020 on Weak Note

摘要

The metallurgical coal sale in 2020 by Yancoal Australia Ltd., a major coal mining company in Australia is on a weak note. As a matter of fact, the sales volume of metallurgical coal in the period from January to September in 2020 stayed at 3 million tons (based on its interest holding portion and the same applies hereinafter), and was down by 1.1 million tons (26.8%) from the year-earlier period. The metallurgical coal sale dropped, which resulted from the fact that the demand for metallurgical coal in the Asian region including Japan and India diminished due to the spread of a new-type coronavirus (COVID-19) throughout the world. However, all the more because of gradually recovering demand in Japan, India and so on in recent days, the metallurgical coal sale by Yancoal Australia will no doubt turn upward from now onward. Incidentally, the sales volume of metallurgical coal in the period from July to September was 1.1 million tons, down by 200,000 tons (15.4%) from the year-earlier period.