Coal shipments from Australia’s Newcastle, the world’s biggest export harbor for the power- station fuel, rose 27 percent last week while the queue of vessels waiting to load was unchanged.
The volume of the commodity exported in the week ended 7 a.m. local time yesterday climbed to 1.78 million metric tons from 1.40 million in the preceding period, Newcastle Port Corp. said on its website today.
Rio Tinto Group, Xstrata Plc and BHP Billiton Ltd. are among mining companies that ship the fuel from the harbor, which has three export terminals. Thirteen vessels were outside the port, unchanged from a week earlier, while the waiting period averaged 12.5 days, compared with 12.16, the report said.
Power-station coal prices at Newcastle, an Asian benchmark, decreased 2.5 percent, according to the globalCOAL NEWC Index website. Prices declined to $105.77 a ton in the week ended Nov. 26, from $108.47 in the previous period.
The volume of the commodity exported in the week ended 7 a.m. local time yesterday climbed to 1.78 million metric tons from 1.40 million in the preceding period, Newcastle Port Corp. said on its website today.
Rio Tinto Group, Xstrata Plc and BHP Billiton Ltd. are among mining companies that ship the fuel from the harbor, which has three export terminals. Thirteen vessels were outside the port, unchanged from a week earlier, while the waiting period averaged 12.5 days, compared with 12.16, the report said.
Power-station coal prices at Newcastle, an Asian benchmark, decreased 2.5 percent, according to the globalCOAL NEWC Index website. Prices declined to $105.77 a ton in the week ended Nov. 26, from $108.47 in the previous period.