Coal exports from Australia's Newcastle jump 19% MoM in March

Shipments of Australian coal for export markets from the Port of Newcastle in New South Wales soared by 18.5% on month to 11.59 million tonnes in March, Mysteel Global calculated based on the latest data from the port. Compared to the previous year, the March reading was lower by 6.3%, however.

Coal throughput from the port recovered last month, as shipments to some overseas markets stabilised after disruptions during the previous month due to holiday breaks, Mysteel Global observed. According to Mysteel's maritime data, 2.37 million tonnes of coal sailed from the port to China in March, jumping 21% on month,