North American overseas pellet exports increased for the third consecutive quarter in the 4Q/15, rising seven percent from the previous quarter.
In the 4Q/15, total Canadian pellet overseas exports increased by 17 percent from the previous quarter with exports increasing to both Europe and Asia.
On a regional basis, British Columbia exports continued to shift slightly towards Asia, with a slight reduction in exports to to Europe. In the 4Q/15, shipping from Eastern Canada, albeit still in small volumes, rose to its highest level in almost two years.
Canadian pellet exports to Asia flow mainly to Japan, with a much smaller volume finding its way to South Korea. China remains a tantalizing but unrealized market prospect.