Hampton Roads coal exports dip in April but still beat last year
http://www.chemnet.com May 19,2017 PlattsCoal exports from terminals in Virginia's Hampton Roads region totaled 2.65 million st in April, down 20.2% from the prior month but up 52.6% from the year-ago month, according to export data released Tuesday by the Virginia Maritime Association.
The month-over-month decline ended a bullish six months, as exports increased each month starting in September, when they totaled 1.5 million st, to March, when they peaked at 3.3 million st.
Still, April's total was higher than any single month in 2016, as higher seaborne prices for metallurgical and thermal coal drove buyers to the US in search of less-expensive alternatives.
At the three individual terminals in Hampton Roads, Lambert's Point, also known as Pier 6, exported 1.26 million st in April, down 16.9% from March and up 82% from last year.
For the year, coal exports through the terminal -- which is owned and operated by Norfolk Southern -- total 5.1 million st, up 54.4% compared with the year-ago period.
Pier IX, based in Newport News, Virginia, exported 509,378 st in April, down 28.9% from the previous month but up 53.1% compared with the year-ago month.
Year to date, coal exports at the terminal, which is owned and operated by Kinder Morgan, total 2.92 million st, up 170.6% from last year.
Dominion Terminal Associates, based in Newport News, exported 879,345 st in April, down 19% from the prior month but up 23.6% from last year.
For the year, exports at the terminal -- which is owned by Arch Coal and Contura Energy -- total 3.35 million st, up 27.2% from last year.