Australia's leading coal exporting port, Newcastle port has reported that their shipment on last week ended on 26th Aug '13 gone up by 15.59% as compared to preceding week which ended on 19th Aug '13 as per report. In the week ended on the 26th August, port has shipped around 2.7 MnT of coal and total 10 MnT of coal has been shipped to the different destination.
For the month of August 2013 port have forecasted to ship around 11.4 MnT of coal including coking and thermal coal. Whereas, as per port authority actual shipping for this month plus projected balance from coal terminal would ship around 12.4 MnT of coal this month.
The port has also reported that during the week ended on 26th August 2013, 32 vessels entered at port for loading with an average waiting time of 7 days, Whereas, just preceding week 18 vessels entered at port with an average waiting time of 5.27 days.
At the week ended on 26th August in port, 8 vessels were loading coal, 7 vessels were waiting to load and 54 vessels were expected to reach at the port.
Australian 6000 Kcal/Kg NAR, Non-coking coal has firmed up by USD3-4/MT as supported by the coming demand from the Japan, However it is trading currently at USD79-80/MT FOB and the Premium grade hard coking coal (Ash-10.3%, VM-20.7%, CSR-74%) price is moving up and at starting of the week it is trading at USD 146-149/MT range.
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