Canadian coal exports have fallen 13% on the month during Jul’19, however, coal volumes were boosted by higher intake from major customers-China and Japan.
Data provided by customs indicates that coal exported from the country had fell to 3.14 MnT in Jul’19 as against 3.61 MnT in Jun’19, but were marked 22% higher on the year from 2.58 MnT in Jul’18.
Canadian bituminous coal exports which account nearly 85% of the total monthly volume, had slipped 20% M-o-M to 2.66 MnT in Jul’19. Remaining shipments comprising of Pet coke attained its highest total for CY19, were marked at 0.48 MnT.
Major Coal Importers:
China remained the largest coal importer from Canada in Jul’19, with monthly intake rising to its highest total for CY19. Chinese imports increased 9% M-o-M to 0.75 MnT, which were also marked 70% higher on the year from 0.44 MnT in Jul’18.
Japan was the second-largest import with receipt of 0.66 MnT coal in Jul’19. Import volumes had rebounded after falling in the previous month.
South Korean coal receipt decreased 8% M-o-M to 0.57 MnT in Jul’19, but were marked 33% higher on the year from 0.43 MnT in Jul’18.
Coal shipments delivered to India recorded a 5-month low total of 0.31 MnT during Jul’19, as seasonal slowdown had limited the country’s appetite for steel-making coal.
Elsewhere; Canada had witnessed a shortfall in exports to European destinations during the month, with supplies recorded for Germany tumbling to a mere 0.01 MnT in Jul’19 as against 0.21 MnT in Jun’19. While there was no shipment recorded for Poland unlike the previous month.
During the first 7 months of CY19 (Jan-Jul’19), Canadian coal exports were marked slightly higher on the year at 20.73 MnT than 19.22 MnT noted in the year-ago period.
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