Japanese steam coal imports decline in May

Japanese steam coal imports declined to 8.3m tonnes in May, down 4.3% m-o-m and down 9.1% y-o-y. This is mostly due to the fall in Australian deliveries, which decreased to the lowest level since April 2016 at 5.9m tonnes, down 0.5% m-o-m and down 9.3% y-o-y. Similarly, Indonesian supplies declined to the lowest level since September last year at 740KT, down 19.6% m-o-m and down% m-o-m and own  26.2% y-o-y. Imports from Russia also declined to 720KT, % y-o-y. down 7.8% m-o-m and down 9.1% y-o-y.

Despite the fall in May’s imports, Japanese appetite for coal remains healthy. Japan imported 47.7m tonnes of steam coal over the first 5 months of the year, up 1.1m tonnes or 2.4% y-o-y. Australian supplies remain stable at 33.9m tonnes, down by just 0.1% y-o-y. Indonesian deliveries increased to 5.8m tonnes, up 410KT or 7.6% y-o-y. Imports from Russia increased marginally to 3.4m tonnes, up 60KT or 1.9% y-o-y.

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