Coal exports via Newcastle port fall 4% MoM in October

Australian coal exports from the Port of Newcastle in New South Wales fell 3.8% on month to 13.55 million tonnes in October, according to the latest port data. On a yearly basis, however, the volume was higher by 3%.

Newcastle handles roughly 70% of Australia's thermal coal exports, with major destinations including Japan, China, South Korea, and some Southeast Asian countries, Mysteel Global understands. While the port did not provide a specific reason for the decline from September, a two-day maintenance on the Hunter Valley rail corridor in late