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Friday, 27 August 10
PAKISTAN WILL IMPORT 8 TO 10 PERCENT MORE COAL IN 2011


COALspot.com: Pakistan to import 4 million ton of coal in 2011 up by 8-10 percent compare to this year’s imports.  "Pakistan's total demand for coal for this year would be around 3.6 - 3.7 million ton" said, Omar, Director of Sea Trade Group, Pakistan. Sea Trade Pakistan is a leading coal importer since 2003 and largest trading and shipping company in Pakistan.

Pakistan has imported 750,000 MT of coal in August as the shipments of June and July accumulated in August 2010.  June and July shipments were delayed from Indonesia for various reasons.

According to Mr. Omar  the sudden increase coal imports in  August were, purely on delayed shipments from June and July and also a correction in market and freight from South Africa and not due to any surplus or additional demand in Pakistan.

According to his forecast, In next two months – pakistan will  import only 160,000 to 200,000  MT as  lot of coal stocks are still at ports, due to floods. Becasue of floods, the inland transport system were disturbed.

The total demand for coal in pakistan for this year is around 3.6 – 3.7 million MT,  and it might  increase next year to 4.0 million ton due to commissioning of  a new cement plant, “Fauji Cement”.

"I don’t sees, there is any an additional demand for coal due to floods", he replied when we ask whether there is any additional demand for imported coal due to recent floods. "There will be additional demand for cement but pakistan already has surplus cement of 20 million MT out of which 10 million MT is exported so we still have 10 Million MT of cement surplus, which will be used for re-building", he said.

Pakistan is a steady importer of Indonesian and South African coal since 2003 and steadily increasing  its imports from one million ton or less per annum to 3.5-4 million tons per annum now.

Pakistan is  buying only higher GCV coal from Indonesia and South Africa, as 99 percent of coal imported by pakistan is indenting for Cement Producers.



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