Coal exports from Newcastle port, Australia, were 7.73 million tonnes in July, down 46.63% from 14.48 million tonnes a year earlier and 40.83% from 13.06 million tonnes in June, touching a new low since at least January 2019, the latest data showed.
The significant drop last month was mainly due to the impact of heavy rainfall since early July, which had heavily hampered rail transport and mining activity.
Although the rail line connecting the country's key coal producing base Hunter Valley and Newcastle port restored on the evening of July 14, it still took several days for its shipments to return to normal.
Due to the suspension, the rail operator ARTC had to postpone the scheduled maintenance in July 22-25.
In July, the port's coal exports were worth A$4.811 billion (US$3.347 billion), up 49.05% year on year yet down 33.11% month on month. The average export price in the month was A$518.49/t ($360.7/t), up 179.28% year on year and 13.06% month on month.
From January to July this year, the port exported 80.36 million tonnes of coal, down 9.69% from the same period last year; the export value totaled A$31.18 billion, soaring 85.01%.
Data also showed that the number of vessels loading coal at Newcastle port was 97 in July, falling 46 against the month prior. It took several weeks to clean up the backlog.
Coal exports from No. 1 and No.2 terminals of Newcastle, operated by Port Waratah Coal Services (PWCS), fell to the lowest level in at least seven years, totaling 4.98 million tonnes in July, well below 10.57 million tonnes against the same period in 2021 and 8.7 million tonnes in June.
Newcastle had gradually returned to normal over the past two weeks. As of August 1, the number of vessels waiting for loading outside No.1 and No.2 terminals had dropped to 48 from more than 60 the previous week, and coal stocks at the two terminals rose to 1.81 million tonnes at the end of July from 1.63 million tonnes a month earlier.
India, Japan, South Korea and Malaysia are major destinations for Newcastle's coal exports.
(Writing by Alex Guo Editing by Tammy Yang)
For any questions, please contact us by email@example.com or +86-351-7219322.