US Hampton Roads coal exports total 3.1 million st in October: VMA

3 Nov 2017   Coal

Coal exports from terminals in Virginia’s Hampton Roads region totaled 3.08 million st in October, down 1% from the prior month but up 83.1% from the year-ago month, according to data released Thursday by the Virginia Maritime Association. It was the first drop in month-over-month exports since June, when exports fell 15.2% from May. The region’s three terminals primarily ship metallurgical coal. The drop in exports corresponded with an 8.8% month-over-month drop in low-vol met coal FOB FOB USEC prices in October, according to S&P Global Platts data. Through October 31, low-vol metallurgical coal FOB USEC has averaged $172.22/mt this year, compared with $105.22/mt in the year-ago period. For the year to date, exports through the region’s three terminals totaled 29.1 million st, up 64.9% from last year. Of the three individual terminals in Hampton Roads, Lambert’s Point, also known as Pier 6, exported 1.32 million st in October, […]

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