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%).