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Turkey March thermal coal imports jump 29.5% on-year to 2.76 mil mt

http://www.chemnet.com   May 03,2016 Platts
Turkey imported 2.76 million mt of bituminous thermal coal in March, rising 29.5% year on year and also climbing 10.8% from February to a three-month high, according to data from the Turkish statistical Institute (TUIK) published Friday.

During the first quarter of the year, Turkey received 7.51 million mt of thermal coal, up 13.2% from Q1 2015.

Colombia remained Turkey's largest supplier of thermal coal in March, delivering 1.13 million mt, climbing 76% on the year, but slipping 14% from February's four-month high.

Russia was the second most popular origin of thermal coal for Turkey, shipping 900,410 mt of material during the month, rising 25% on the year and up 5% from February's five-month low, the TUIK data showed.

South African thermal coal shipments to Turkey in March fell 10% on the year to 609,921 mt, but rose 95% on the month to a one-year high.

According to the data, Turkey's total purchases in March for imported thermal coal were $179.36 million, up from the previous month's $176.63 million. This was equivalent to a monthly average price of $64.98/mt, down from February's $70.89/mt.

Platts assessed the March monthly average of its CIF Turkey 6,000 kcal/kg NAR 90-day price at $49.25/mt, slipping 50 cents on-month.

COKING COAL IMPORTS MORE THAN TRIPLE ON-YEAR

Turkey's total coking coal imports in March more than tripled on the year to 582,322 mt from 186,487 mt a year ago, and were also 14% up on the month, according to the TUIK data.

During March, Turkey imported 446,298 mt from Australia, 73,837 mt from the US and 62,188 mt from Russia.

Turkey's March anthracite imports were at 22,898 mt, falling 51% from the previous month.
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