German steam coal imports increased by 1.7% y-o-y in Q117

German steam coal imports totalled 3.7m tonnes in March, down 13.3% m-o-m but 10.6% higher y-o-y. Russian supplies declined from February’s all time high of 2m tonnes to 1.4m tonnes, down 29.1% m-o-m, although this was still 10.4% higher y-o-y.

Imports from Colombia recovered from February’s low to reach 1m tonnes, up 77.1% m-o-m and up 5.3% y-o-y. US deliveries declined to 640KT, down 32.7% m-o-m and down 17.1% y-o-y. Imports from South Africa totalled 190KT, down 44.3% m-o-m but over 3 times year ago levels.

The March data puts a somewhat rosier complexion on the Q117 totals, even if overall levels still remain pretty flat. Germany imported 11.3m tonnes of steam coal in the first quarter, up 190KT or 1.7% y-o-y. Russian supplies slipped by just 90KT to 4.5m tonnes, down 2.1% y-o-y. Imports from Colombia also declined to 2.8m tonnes, down 120KT or 4.3% y-o-y. US deliveries were lower too, at 2.3m tonnes, down 360KT or 13.8% y-o-y.

On the other hand, imports from South Africa increased to 640KT, up 310KT or nearly double Q116 levels.