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Thursday, 20 October 16
THE PORT OF NEWCASTLE SHIPPED 16.97 PERCENT MORE COAL IN SEPTEMBER
Port of NewcastleCOALspot.com: The Port of Newcastle, Australia’s major trading ports and the world’s largest coal export port has shipped $AU 1,216.7 million worth of 14,603,503 tons of coal for the month ended September 2016. The average selling price for month August was around $AU 83.31 (approximately US$ 64.33) per ton.

According to Port’s monthly report, YTD (2016 calendar year to date), the port has shipped $AU 10.085 billion worth of 118,744,006 tons of coal. The average selling price YTD was around average $AU 84.93 per MT.

Port has shipped 16.97 percent more coal in September compared to its August 2016 loading of 12.484 million tons.

$AU 1,216.7 million trade value of coal shipped in September 2016 compared to $AU 1,213.9 million in August 2016.

According to operation report posted on port’s website, as of 30 September 2016, the port has served 162 (up 14.89% month on month) ocean going vessels in September2016 and 1,296 vessels January – September this year.

The port’s report further noted that the Port of Newcastle has shipped coal to Australia, China, India, Japan, Korea, Malaysia, Mexico, New Caledonia and Taiwan in the month of September 2016.

Anglo, Peabody, Rio Tinto and Xstrata are some of the larger coal exporters to ship coal from Newcastle port.

About Port of Newcastle
The Port of Newcastle is the largest bulk shipping port on the east coast of Australia and the world’s leading coal export port. On 30 May 2014, Port of Newcastle Investments (trading as Port of Newcastle) commenced a 98-year lease of the Port of Newcastle with the New South Wales Government.

According to company’s website, the principal trade at the Port of Newcastle is coal. Non-coal commodities traded through the port include grain, steel, project cargo, vegetable oils, fuels, orange juice concentrate and containers destined for local business.

The principal trade at the Port of Newcastle is coal. Utilizing its expertise in coal supply chain logistics, the Port of Newcastle is also one of the most diverse ports in Australia.

Source: Port of Newcastle Monthly Trade Report – August 2016 (According to report, the trade values were based on commodity values and prices obtained from sources such as Australian Bureau of Agricultural and Resource)


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EIA FORECASTS U.S. COAL EXPORTS TO DECLINE BY 19 MMST IN 2016 TO 55 MMST
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