Coking coal exports from Australia's Newcastle PWCS terminals double in Nov
Perth (Platts)--3Dec2012/446 am EST/946 GMT
Of the total coal exported from Port Waratah Coal Services' terminals at
Newcastle port last month, 20% comprised coking coal -- around double from
October's monthly volume -- as exporters stepped up their flow of
higher-value coal cargoes through the Australian port, data released Monday
PWCS, whose customers include Rio Tinto and Xstrata, shipped 1.6 million
mt of coking coal through its two Newcastle coal terminals in November, and
the rest of its throughput last month -- 6.1 million mt (79%) -- was thermal
coal, said PWCS in its latest monthly coal exports report for November.
In October, thermal coal accounted for 88% of PWCS terminals' coal
exports, and rest 12% was coking coal including semi-soft product, and this
has been the pattern for most of the year.
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Thermal coal prices at Newcastle have only started to recover after a
Prices for semi-soft coking coal are attracting prices of $110/mt FOB
Australia, compared with $73/mt and $92/mt for Newcastle 5,500 kcal/kg NAR
and 6,300 kcal/kg GAR coal respectively, according to Platts prices.
Coal shipments through PWCS dipped to a six-month low in November of 7.8
million mt, after a four-day closure of the Newcastle coal chain mid-month
for routine maintenance interrupted the flow of coal shipments through the
port, in eastern Australia.
PWCS' coal exports have fluctuated between 8.3 million mt/month and 9.9
million mt/month over the past six months since May.
CHINA'S EXPORTS SHARE STEADY
China will receive 19.8%, or 1.5 million mt, of the 7.8 million mt coal
exported from the PWCS terminals in November.
Another 1% of Newcastle's November exports will go to the Hong Kong
special administrative region in China, equivalent to one Panamax cargo,
bringing China's total share to almost 21%.
In October, China received 1.79 million mt of coal from PWCS facilities.
Japan's is to receive 48.2% or 3.7 million mt of coal exports from the
terminals -- lower than its take of 4.4 million mt in the previous month,
which accounted for 47.4% of that month's total.
South Korea, an active buyer on the spot market lately, took delivery of
16.4% of PWCS coal exports last month, about 1.27 million mt, down from 1.7
million mt received in October.
Taiwan, another significant buyer of Newcastle coal, booked 694,000 mt
in at the port in November, or 8.9% of the total shipments -- lower than the
770,000 mt that Taiwan-destined ships loaded in October.
Mexico loaded 265,000 mt of coal exports at the Newcastle port in
November, down slightly from the 400,000 mt of coal shipped to the central
American country in October, according to PWCS data.
The 53 million mt/year capacity Newcastle Coal Infrastructure Group
terminal at Newcastle port, which is run jointly by BHP Billiton, Centennial
Coal, Peabody Energy, Yancoal and Whitehaven, does not publish information on
its coal exports.
--Mike Cooper, firstname.lastname@example.org
--Edited by Haripriya Banerjee, email@example.com