07-07-2016

Coal exports from Australia’s Dalrymple Bay hits one-year high in June: source

Coal

Coal exports from Australia’s Dalrymple Bay coal terminal reached a one-year high of 6.42 million mt in June, up 1% month on month, a source close to the Queensland terminal said Wednesday.

The coal terminal had exported 6.92 million mt in June 2015, port data showed.

The Dalrymple Bay terminal, which is located within the Hay Point port in central Queensland, operated at an annualized rate of 78.11 million mt/year, only 6.89 million mt/year lower than its nameplate capacity of 85 million mt/year.

Typically, coal shipments in the month of June are strong as producers seek to maximize exports for the last month of the fiscal year in Australia.

All the coal shipment capacity at Dalrymple Bay is currently contracted to coal producers located in Queensland’s Bowen Basin coal field, the terminal source said.

Although the June figure is up only 1% from the 6.36 million mt shipped in May, it is 19% higher from the fiscal year-to-date [July 2015-June 2016] average of 5.41 million mt, port data showed.

For fiscal year ended June 30, DBCT exported 67.35 million mt of coal, the source said, down 5.6% from the 71.35 million mt exported in the 2014-15 (July-June) fiscal year.

Anglo American, BHP Billiton, Glencore, Peabody Energy and Rio Tinto are the coal producers that ship product through DBCT.

The breakdown of how much coal is thermal and metallurgical is not immediately available, however, the source said the general rule of thumb is that 18% of throughput is thermal coal, and about 82% metallurgical coal.

The volumes sent to various export destinations is expected to be available next week.

China, Japan and South Korea are the largest recipients of coal shipped via DBCT.

The terminal had nine ships in its offshore vessel queue as of Tuesday, according to a terminal operating report.

Source: Platts 

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