* Newcastle Port registered 27.3% jump in coal shipment
* 5.9 MnT of Coal has been shipped in September so far
Coal shipments at Newcastle Port during week ended 16 September, 2013 increased by 27.3% as compared to preceding week, says port report.
During the week under review, the port shipped around 3 MnT of Coal and a total of 5.9 MnT of the material has been shipped to different destinations in the month so far.
As forecasted by the Port, around 12.2 MnT of Coal including both coking and thermal is expected to be shipped during the month. However, on current situation, port has estimated to ship around 12.7 MnT in September on the basis of actual shipping plus projected balance from coal terminal.
The Port has also reported that during the week ended 16 September, 27 vessels entered the Port for loading with an average waiting time of 6.21 days. However, during the preceding week around 29 vessels had entered the Port with an average waiting time of around 8.75 days.
However, at the end of the week, 5 vessels were loading Coal, 2 vessels were waiting to get loaded and 45 vessels were expected to reach the Port.
SteelMint assessed that Australian suppliers are offering 6,000 NAR (Kcal/Kg) thermal coal at USD 79-80/MT, which slipped USD 1/MT last week and remained at the same level at the beginning of 38th week. Whereas, it was noted that offers for Australian Coking Coal also remained unchanged at around USD 153-154/MT for Premium Hard Coal (VM-20.7%, CSR-74%, ASH-10.5%).
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