04-10-2016

South African Aug exports edge 1% higher on-year to 5.77 mil mt

coali

South Africa exported 5.77 million mt of thermal coal in August, edging up 1% year on year and also rising 24.2% from July’s 13-month low, with a noticeable increase in shipments to Europe offset by falling exports to India, according to customs data.

Total South African thermal coal exports over January-August were at 45.5 million mt, down 6.3% on the year.

India remained the largest taker of South African thermal coal, although exports there fell 3% year on year and 2% from July to 2.28 million mt — the lowest since September last year.

Shipments to Northwest Europe and the Mediterranean continued to increase, rising 8% on the year to 1.19 million mt, which was also up 17% from July and at an 11-month high. This was the second month in a row that exports to the area were above 1 million mt.

Shipments to the Netherlands more than tripled on the year to 657,266 mt from 168,041 mt in August 2015 and also more than double July’s 322,800 mt to the highest monthly volume since September last year. Italy, Germany and Spain received 251,056 mt, 188,802 mt and 159,734 mt, respectively.

Turkey was sent 57,000 mt during August, plunging 75% on the year, but recovering 15% from July.

Exports to Pakistan dropped 61% on the year to 255,000 mt, also down 17% from July to a 10-month low. On the other hand, shipments to the United Arab Emirates were 230,150 mt, up from zero in August 2015 and more than quadruple the previous month’s 50,000 mt.

South Korea was sent 106,975 mt in August — up from zero a year earlier and the previous month — only the second month this year that South African thermal coal was shipped there.

S&P Global Platts 7-45 day price assessment fell 95 cents during August to close at $64.80/mt FOB at the end of the month.

Source: Platts 

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