The anthracite coal market in India has remained lackluster since long due to sluggish demand, despite strong international consumption. This is mainly because of the fact that the country’s end buyers prefer using alternate cheaper coal types over anthracite coal and there is also no prospect for any upturn in its demand in the near future.
In consequence of the sluggish demand prevailing in the country, imports have remained insignificant.
In Jul’18, a meager quantity of only 19,376 MT of anthracite coal was imported in India.
As per the vessel line-up data compiled by CoalMint Research, the import consignments were received at Paradip and Vizag ports.
Indian procurers included Indian Metals & Ferro Alloys Ltd. (IMFA), Hira & Sonic Thermal, and Jindal Stainless.
On the pricing front, there was no downturn in international offers for anthracite in the past week.
The latest offers hover around USD 138/MT FOB Russia, which amounts to USD 151/MT CNF India: unchanged from the preceding weekly assessments.
Source: CoalMint Research
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