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US Hampton Roads coal exports jump 20pct in October 2018

Coal News - Published on Tue, 06 Nov 2018

Image Source: Daily Cement
Virginia Maritime Association data showed that coal exports out of the terminals in the Hampton Roads region in Virginia were at 3.71 million st in October, up 20.2% from the eight-month low 3.09 million st in September. The October total was also up 20.3% from 3.08 million st in the year-ago month and the highest total for the month of October in over 10 years. October also marked the eighth time in 2018 that exports out of the region were higher than in the corresponding month of the last three years. Exports continued to be high as global seaborne prices showed strength, creating more opportunities for US coal as buyers sought less-expensive alternatives.

CIF ARA 6,000 kcal/kg coal, for 15-60 day delivery, averaged USD 99.74/mt in October, down from USD 100/mt in September but up from USD 91.79/mt in the year-ago month. It was the highest monthly average for October since USD 117.39/mt in October 2011.

Cumulative exports from the terminals have reached a five-year high of 36.38 million st since January, up 25.1% from 29.07 million st a year earlier and the highest amount for the first eight months of a year since 42.15 million st in 2013. The Hampton Roads region saw 44 coal vessels set sail in October, up from 42 ships in September and 37 in the year-ago month. An additional three ships arrived in October but have not yet left.

In the first eight months of the year, 456 coal ships have departed the region, up from 378 ships in the same period a year ago.

Source :

Posted By : Rabi Wangkhem on Tue, 06 Nov 2018
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