19-09-2017

Colombia August coal exports hit three-month high at 7.7 million mt

Colombia exported 7.7 million mt of coal in August, little changed year on year but up from July, data from Colombian shipping agent Deep Blue showed.

Turkey remained the biggest importer from Colombia, rising both month on month and year on year, and also being the highest August figure for Turkey since S&P Global Platts started collecting the data in 2014.

Mexico remained a key market, more than doubling imports year on year and importing more Colombian coal than any other country save Turkey.

Exports to the US gained both month on month and year on year, reaching the second highest total this year and the highest August total since 2015.

Key European terminals in the Netherlands imported their lowest figure since Platts records began, despite stockpiles in warehouses being at high levels, as coal of other origins was more favorable during this time.

Imports into South Korea reached the highest figure since April this year, while Southwest Europe imports fell 21% month on month as exports to Spain hit a four-month low.

US-based producer Drummond's Puerto Drummond terminal remained the busiest port for the third consecutive month, reaching a five-month high, keeping its share of exports steady at 39%.

Shipments from Cerrejon fell to 2.45 million mt, the lowest figure since February with its share of exports also falling to the lowest figure since February at 33%.

Exports from Prodeco's Puerto Nuevo facility rose to an eight month high of 1.74 million mt, and shipments from third-party port Carbosan-Sociedad Portuaria de Santa Marta dropped to 200,600 mt, the second lowest figure all year after June's total.

Source: Platts 

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