* Newcastle Port, Coal exports shipment dropped by 8.4%
* 11.5 MnT of Coal has been shipped in September so far
Australia's leading Coal exporting, Newcastle Port's Coal shipment during week ended 30 September, 2013 is down by 8.4% as compared to preceding week, port report says.
During the week under review, the port shipped around 2.7 MnT of Coal and a total of 11.5 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 Non-coking is expected to be shipped during the month. However, on current situation, port is estimating to ship around 11.96 MnT in September on the basis of actual shipped plus projected balance from Coal terminal.
The Port has also reported that during the week ended 30 September, 33 vessels entered the port for loading with an average waiting time of 5.21 days. However, during the preceding week around 25 vessels had entered the Port with an average waiting time of around 5.19 days.
At the end of the week, 7 vessels were loading Coal, 7 vessels were waiting to get loaded and 38 vessels were expected to reach the Port.
SteelMint assessed that Coal's demand from China and Japan has slightly improved and is offering 6,000 NAR (Kcal/Kg) Thermal Coal at USD 82-84/MT, which gained USD 2-3/MT last week and remained at the same level at the beginning of 39th week. Whereas, it is noted that offers for Australian Coking Coal slightly dropped during last week and was quoted at around USD 150-152/MT for Premium Hard Coal (VM-20.7%, CSR-74%, ASH-10.5%).
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