Worlds biggest coal exporting capacity port, Newcastle Port, shipped 16% less coal as on 17th June as compared to previous report of 11th June from the port.
Newcaslte Port had shipped 6.4 MnT of coal till 17th June for the completion of its target to ship 12.6 MnT this month. However as per the actual shipped amount for the month plus projected balance figure is showing 12.02 MnT coal to be shipped this month is 4.6% less from the target.
Last week 24 vessels entered the port for loading coal. Whereas, average waiting time was of 4.4 days. As on 17th June, 7 vessels were loading coal and 2 vessels were waiting. However 40 vessels were expected to arrive.
Australian coal prices also dropped last week owing to weak demand from the market.
SteelMint learned Australia's 6000 NAR Kilo calorific coal was priced at $83.5/MT on FOB basis. Premium hard coking coal (74% Carbon strength after reaction, 20.7% Volatile matter) has reached at $134.25 FOB Australia.
Sea Freight from Australia to India in Supramax vessels ranged between $19-20/Mt and in Capesize vessels ranged around $11-12/MT.
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