Coal news and updates

Coal railings to Newcastle port terminals down 10.6% on week to 3.05 mil mt

Coal volumes railed to Newcastle's Port Waratah Coal Services and Newcastle Coal Infrastructure Group terminals in New South Wales, Australia during the week ended Sunday fell 10.6% on the week to 3.05 million mt, according to the Hunter Valley Coal Chain Coordinator's weekly report.

The weekly volume did not reach the expected inbound railings volume of 3.26 million mt.

For the week to Sunday, PWCS' throughput was 2.51 million mt, climbing 35.3% on the week and also surpassing the target of 2.25 million mt.

Stocks at the PWCS terminal fell 11.3% on the week to 2.04 million mt, although the same data was not available for the NCIG terminal.

The PWCS terminals' vessel queue remained steady on the week at 16 on Sunday, according to the HVCCC.

The coordinator said that, based on terminal demand, the vessel queue at PWCS was estimated to be 15 at the end of June and 13 at the end of July, compared to the previous week's estimate of 12 at the end of June and 13 at the end of July.

HVCC said in its report that producers forecast coal arrivals for June at 8.4 million mt, unchanged on the week, with July's volume expected to be 10.1 million mt and August's projection at 9.2 million mt.

source: http://www.platts.com