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US Hampton Roads coal exports fall to 6 month low in July 2018

Coal News - Published on Fri, 10 Aug 2018

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Platts reported that coal exports out of the terminals in the Hampton Roads region in Virginia were at a 6-month low 3.43 million st in July, down 3.6% from 3.56 million st in June and the lowest since 2.911 million st in January, Virginia Maritime Association data showed.

However, the latest month was up 23.8% from 2.77 million st a year ago and the highest total for the month of July since 3.72 million st was shipped out in July 2013.

Exports continue to rise as global seaborne prices show strength, which creates more opportunities for US coal as buyers seek less-expensive alternatives.

CIF ARA 6,000 kcal/kg coal, for 15-60 day delivery, has averaged USD 89.77/mt since January 1, including USD 100.27/mt averaged in July. It averaged USD 79.80/mt in the same period a year ago and USD 83.49/mt in July 2017. The USD 100.27/mt averaged in July was the highest monthly average since USD 105.62/mt in January 2012.

Cumulative exports from the terminals have reached a four-year high 25.29 million st since January, up 26.5% from 19.99 million st a year earlier and the highest amount for the first seven months of a year since 26.56 million st in 2014.

At the three individual terminals in the region Dominion Terminal Associates, based in Newport News, was the only one to see a monthly increase when it exported 1.29 million st in July, up 4% from 1.24 million st in June and up 13.6% from 1.14 million st in the year-ago month.

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Posted By : Rabi Wangkhem on Fri, 10 Aug 2018
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