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July Hampton Roads coal exports rise 3.4% on month to 2.77 mil st

Houston (Platts)--8 Aug 2017 514 pm EDT/2114 GMT


Coal exports from terminals in Virginia's Hampton Roads region totaled 2.77 million st in July, up 3.4% from the prior month and up 61.7% from the year-ago month, according to the Virginia Maritime Association.

Exports rose as both low volatility hard coking coal and European-delivered thermal coal prices ticked up compared with June levels.

S&P Global Platts assessments of HCC metallurgical coal averaged $156/mt FOB US East Coast in July, up from $144.93/mt the prior month, and Platts assessments of CIF ARA delivered thermal coal averaged $83.49/mt, up from $79.48/mt in June.

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At the three individual terminals in Hampton Roads, Lambert's Point, also known as Pier 6, exported 1.1 million st in July, down 10.7% from June but up 30.2% from the year-ago period.

So far in 2017, coal exports through the terminal -- which is owned and operated by Norfolk Southern -- have totaled 8.55 million st, up 48.6% compared with the year-ago period.

Pier IX in Newport News, Virginia, exported 561,462 st in July, up 20.2% compared with the previous month and up 82.5% compared with the year-ago month. So far in 2017, coal exports at the terminal, which is owned and operated by Kinder Morgan, have totaled 4.93 million st, up 117.5% from the same period last year.

Dominion Terminal Associates in Newport News exported 1.14 million st in July, up 12.4% from the prior month and up 95% year on year.

For the year, exports at the terminal -- which is owned by Arch Coal and Contura Energy -- have totaled 6.51 million st, up 42.5% from last year.

--Jeffrey McDonald, jeffrey.mcdonald@spglobal.com

--Edited by Keiron Greenhalgh, keiron.greenhalgh@spglobal.com



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