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Australia's North Queensland Coal Exports Surge in June 2019

Coal News - Published on Wed, 10 Jul 2019

Image Source: Townsville Bulletin
Platts reported that Australia's North Queensland exported record volumes of coal in June, data from the North Queensland Bulk Ports Corp. The three terminals in the area exported a total combined volume - including thermal coal -of 14.55 million tonne in June, up 14% YoY and 15% MoM. It's the highest monthly total since at least January 2014. In December 2015, a new berth was opened at the BHP Mitsubishi Alliance-owned Hay Point Coal Terminal which lifted capacity from 44 million tonne per year to 55 million tonne per year.

During June, HPCT's throughput translated to a capacity-breaching annualized rate of 58.66 million tonne per year year.

The NQBP data showed that the neighboring Dalrymple Bay Coal Terminal, or DBCT's, June volume also surged to a 22-month high of 6.94 million tonne, showing a 16% lift YoY and 27% increase MoM. That took DBCT's annualized rate for the month to 84.46 million tonne per year, just shy of its nameplate capacity of 85 million tonne per year.

The NQBP figures showed that the northern-most of the terminals, Abbot Point, also saw a strong lift in exports for the month. Abbot Point exported 2.79 million tonne of coal, which is a 10 month high, up 9% YoY and 15% from May.

However, the terminal still has plenty of unused capacity with the June figure representing an annualized rate of 33.91 million tonne per year against its nameplate capacity of 50 million tonne per year. The three terminals' combined annualized rate in June was 177.03 million tonne per year which compares to just 145.50 million tonne per year for January-June.

Australia's Department of Industry, Innovation and Science last week estimated that the country's total metallurgical coal export volumes rose by 1 million tonne in the 2018-2019 (July-June) fiscal year to 180 million tonne. It forecast stronger growth in the current and next fiscals.

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Posted By : Ratan Singh on Wed, 10 Jul 2019
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