Highlights Year-on-year coal shipments jump 24.4% FOB Hampton Roads coal price averages all-time high A 20-month high 2.83 million st of coal was exported from the terminals in the Hampton Roads area of Virginia in November, Virginia Maritime Association data released Dec. 10 showed.
November’s coal exports were the highest since 2.88 million st in March 2020. The volume was 3.3% higher than October and 24.4% higher than the year-ago month. FOB Hampton Roads 6,000 kcal/kg thermal coal rose to an average $128.23/mt in November, the highest price on record since the S&P Global Platts assessment began April 6, 2018. While FOB Hampton Roads export prices rose, CIF ARA and metallurgical coal prices fell from multiyear highs. November US East Coast low-vol metallurgical coal averaged $385.46/mt, down from nine-year high $423.52/mt in October. Also bearish […]