Coal Shipments Fall at Australia's PWCS Terminals
By Avinash Govind
November 20, 2024 - Shipments from the Port Waratah Coal Services (PWCS) terminals at Australia's key port of Newcastle fell 4.1pc on the year in October, from 9.1mn t to 8.7mn t, according to PWCS data, as high-grade coal prices jumped 12.9pc over the same period.
- Year-to-date shipments from the terminal remain above 2023 levels owing to high shipping volumes in the first quarter of the year.
- Vessel turnaround times at the terminal in October were down 14.8pc on the year, from 4.7 days to 4.1 days.
- Argus' NAR 6,000 kcal/kg coal fob Newcastle price reached a low of $118/t in February 2024, before rising to $140/t in November.
- October was the third-busiest month at the port this year.
- PWCS' coal stockpile fell 30pc, from 2mn t to 1.7mn t, from September to October.
| |
Oct '24 |
Sep '24 |
Oct '23 |
Jan - Oct '24 |
Jan - Oct '23 |
| |
|
|
|
|
|
| PWCS loadings (mn t) |
8.7 |
7.8 |
9.1 |
82.0 |
76.8 |
| PWCS stockpiles (mn t) |
1.4 |
2.0 |
1.6 |
1.6 |
1.5 |
| PWCS turnaround time (days) |
4.1 |
3.1 |
4.8 |
4.7 |
2.5 |
| Newcastle ship queue (vessels) |
17.0 |
NO DATA |
9.0 |
22.7 |
10.9 |
| * PWCS loadings is total YTD, all others are average per month YTD |
