Colombia exported 5.65 million tonnes of thermal coal in March, falling 28% year on year and dropping 27% from February's 11-month high to the lowest monthly volume since April last year, Platts reported, citing data from Colombian shipping agent Deep Blue.
The decreases was caused by lower shipments to European countries including Netherlands, Turkey and Spain, due to low coal burn after another mild winter, as well as ample stocks at ports and utilities.
Yet, there were noticeable exports to India during the month, following lower dry bulk freight rates, making the Colombian material more competitive than South African material.
Netherlands was shipped 807,577 million tonnes of Colombian thermal coal in March, down 56% on the year, which was also down 69% from the previous month and at the lowest monthly volume since July 2015.
The second-largest destination in March was India, importing 651,708 tonnes of thermal coal from Colombia and made up 11.5% of the monthly volume.
The US was shipped 582,511 tonnes of Colombian thermal coal during the month, up 23% on-year and 10% higher on the month to a five-month high.
Colombia sent 497,413 tonnes of thermal coal to Israel in March, which was 2% lower compared to the same month in 2015, but increased 46% from February to a three-month high.
Shipments to Portugal, Brazil and Chile were similar in volume at 486,211 tonnes, 406,812 tonnes and 395,906 tonnes, respectively.
Thermal coal shipments to Turkey plunged 73% year on year in March to 330,429 tonnes, also dropping 75% from the previous month to the lowest volume since the beginning of 2014.
Exports to Spain also fell 71% on the year and 60% on the month to 166,817 tonnes, a 14-month low, while no material was shipped to the UK for the third straight month.
During March, thermal coal shipments from the country's largest miner Cerrejon's Puerto Bolivar terminal fell 36% year on year to 2.17 million tonnes, which was also 7% lower than February.
Puerto Drummond exports also dropped 24% on the year in March to 2.2 million tonnes, also down 34% on the previous month.
Puerto Nuevo, owned by Glencore unit Prodeco, shipped 1.01 million tonnes, dropping 20% from March 2015 and falling 35% on the month.
Shipments from third-party port Carbosan-Sociedad Portuaria de Santa Marta rose 5% on-year to 255,344 tonnes, but fell 47% on the month.http://en.sxcoal.com/0/144234/DataShow.html