Coal exports from Australia's Newcastle port drop 11% MoM in Sept

Exports of coal for all uses shipped from the Port of Newcastle in Southeast Australia's New South Wales stood at 11.28 million tonnes in September, down 11% on month and 20% from September the previous year, according to the latest data released by the port authority.

The drop came with lower coal shipments from the port to East Asian markets last month. Newcastle is a major conduit for Australian coal to Asia, with cargoes shipped from the port being mainly thermal coal from NSW mines, Mysteel Global notes. Last month, cargoes bound for Japan from the