July Hampton Roads Coal Exports rise 3.4% on Month to 2.77 mil st (Platts)
July Hampton Roads coal exports rise 3.4% on month to 2.77 mil st
Coal exports from terminals in Virginia’s Hampton Roads region totaled 2.77 million st in July, up 3.4% from the prior month and up 61.7% from the year-ago month, according to the Virginia Maritime Association.
Exports rose as both low volatility hard coking coal and European-delivered thermal coal prices ticked up compared with June levels.
S&P Global Platts assessments of HCC metallurgical coal averaged $156/mt FOB US East Coast in July, up from $144.93/mt the prior month, and Platts assessments of CIF ARA delivered thermal coal averaged $83.49/mt, up from $79.48/mt in June.
At the three individual terminals in Hampton Roads, Lambert’s Point, also known as Pier 6, exported 1.1 million st in July, down 10.7% from June but up 30.2% from the year-ago period.
So far in 2017, coal exports through the terminal — which is owned and operated by Norfolk Southern — have totaled 8.55 million st, up 48.6% compared with the year-ago period.
Pier IX in Newport News, Virginia, exported 561,462 st in July, up 20.2% compared with the previous month and up 82.5% compared with the year-ago month. So far in 2017, coal exports at the terminal, which is owned and operated by Kinder Morgan, have totaled 4.93 million st, up 117.5% from the same period last year.
Dominion Terminal Associates in Newport News exported 1.14 million st in July, up 12.4% from the prior month and up 95% year on year.
For the year, exports at the terminal — which is owned by Arch Coal and Contura Energy — have totaled 6.51 million st, up 42.5% from last year.