Newcastle port's coal exports hit a 6-year high in December

Exports of Australian coal through the Port of Newcastle in New South Wales surged to 15.4 million tonnes in December last year, marking the highest monthly volume since December 2019, according to the latest port data published on January 14.

Compared with November, Newcastle's coal throughput in December jumped by a sizable 22%, in line with a seasonal trend seen during the same period in previous years, Mysteel Global observed. While the Port of Newcastle didn't provide explanations for its readings, Mysteel Global noted that stronger demand for thermal coal