Coal exports from the port at Newcastle, Australia, the world's largest coal export terminal, jumped 15 percent from a week ago to 2.13 million tonnes; however this is short of the weekly target of 2.28 million tonnes and could force the port’s operator to cut export quotas for the second quarter.
Quotas for the rest of Q1 have already been cut by 1.7 million tonnes in an attempt to reduce logjams at the terminal. Ship queues fell to 47, of which 14 were due to mines having insufficient coal. Queues are expected to be 44 by the end of this month.
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