The Newcastle port has reported that their shipment on last week ended on 12th Aug '13 shoot up by 30.6% as compared to preceding week which ended on 5th Aug '13 as per report. In the week ended on the 12th August port has shipped around 2.9 MnT of coal.
For the month of August 2013 port's 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 12.1 MnT of coal this month.
The port has also reported that during the week ended on 12th August 2013, 31 vessels entered at port for loading with an average waiting time of 5.69 days, Whereas, just preceding week 33 vessels entered at port with an average waiting time of 6.96 days.
At the week ended on 12th August, the port had 7 vessels loading coal, 6 vessels were waiting to load and 48 vessels were expected to reach at the port.
The 6000 (Kcal/Kg NAR) Australian Non-coking coal is trading at USD 76-77/MT FOB level and the Premium grade hard coking coal (Ash-10.3%, VM-20.7%, CSR-74%) price has gone up and now trading at USD 142-144/MT range.
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