Weekly Coal Stock at Indian Ports declined by 6.2%

Combined Coal stock (Coking Coal, Non-coking Coal and Anthracite) at major Indian ports declined by 6.2% to 7.5 MnT, during the end of week 6 (2 Feb- 8 Feb, 2014).

SteelMint assessed that 16 major ports of India had stock of around 2.0 MnT Coking Coal during the end of week 6, which decreased by 11.6% compare to preceding week. During the same period, Non-coking Coal stock at Indian ports declined by 4.1% to 5.5 MnT.

However, it is noted that 14,000 MT of Anthracite stock lied at Paradip port belongs to Rawmet & Image Products.

JSW Steel, Adani and SAIL have the highest quantity of Coal stocks i.e. about 1.4 MnT, 0.90 MnT & 0.52 MnT respectively. JSW Steel had stock at Krishnapatnam, Mangalore & Goa port at the week ended 8 Feb, 2014.

Paradip port on the East Coast of India had the highest Coal stock of around 1.6 MnT which is down by 7.8% from 1.7 MnT compare to previous week. Krishnapatnam was another port having highest Coal stock 1.5 MnT which has slightly decreased by 2.7% compare to previous week.

Stock of imported Coal at Kakinada port increased by 9.2% to 0.23 MT compared to previous week.