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Coal exports from the three major North Queensland terminals were 9.57 million tonnes in February, up 3.12% from a year earlier but down 2.05% from January, sinking to the lowest in ten months, showed data from North Queensland Bulk Ports Corporation.
The ports exported a total 19.34 million tonnes in January-February, down 1.91% year on year.
North Queensland mainly exports coal through Hay Point, Dalrymple Bay and Abbot Point coal terminals.
Abbot Point is the most northerly and has the lowest handling capacity of the three terminals. It exported 3 million tonnes of coal last month, up 35.19% year on year and 7.86% month on month. The total exports in January-February rose 22.98% to 5.78 million tonnes.
In February, exports from Dalrymple Bay coal terminal, which has a handling capacity of 85 million tonnes per year, were 4.02 million tonnes, down 5.74% year on year and 36.14% month on month, sending exports in January-February to 7.48 million tonnes.
The export volume of Hay Point coal terminal was 2.55 million tonnes, down 16.34% year on year and 27.61% month on month. The combined volume from January to February dropped 17.08% to 6.08 million tonnes.
The vast majority of North Queensland's exports are coking coal.
Coal exports in the first two months of 2023 slowed down due to weather impact, and this extending vessel queue, but in the meantime also provided certain opportunity for rebounding in March.
Given easing weather interruptions and China's restoration of Australian coal, coal deliveries from above three ports are expected to rise in March.
(Writing by Rebecca Liu Editing by Harry Huo)
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