Coal shipments fall at Australia's PWCS terminals

Market: Coal
20/11/24

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.

By Avinash Govind

PWCS coal loading data
	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
Source: PWCS, Newcastle Port
* PWCS loadings is total YTD, all others are average per month YTD

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