Australia Set to Boost Imports of Diesel to Power Coal Mines

Prices for coal have more than doubled this year after China moved to buy more overseas, with miners in top producers such as Australia pushing to meet demand. Australian imports of diesel are set to grow as miners in the country rev up generators used to power pit operations following a resurgence in coal markets.


A second trader added that the increased Australian demand would likely result in about one additional medium-range diesel cargo every two months, or about 300,000 barrels. Australia imported 1,457 megaliters, or about 9.2 million barrels, of diesel in August. The country imported a total of 11,601 megaliters from January to August in 2016, up from 10,872.90 megaliters over the same period last year.

I think importing diesel demand in retail is alsogood because local car manufacturers are shutting down and the cars are importing are all mainly diesel. Motorists are switching from locally made, big passenger cars to overseas-made small cars and sports utility vehicles which typically use diesel. This will increase their economy statistics and help to develop their country.

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