Thermal coal stocks at major Indian ports rose by 2.7% to 15.6 million tonnes (mn t) during week 26 of CY’21 (20-24 Jun’21) as against 15.2 mn t in the previous week, CoalMint’s stock report reveals. Adani Enterprise accounted for the highest share in total stocks at all Indian ports, up 26% w-o-w.
Inventories of Adani Enterprise rise
Thermal coal stocks of Adani Enterprise rose to 2.62 mn t. Majority of its stocks are at Gangavaram (1.10 mn t), Krishnapatnam (1.02 mn t), and Navlakhi (0.38 mn t) ports.
Thermal coal stocks held with Adani Power, however, fell by 5% w-o-w to 2.64 mn t in week 26 amidst inventory reduction. The company held majority stocks at Mundra Port (1.3 mn t) and Hazira Port (0.86 mn t).
Following this was Agarwal Coal which had a combined stock of about 1.08 mn t at Navlakhi, Magdalla, Kandla, Mangalore, and Tuticorin ports.
Thermal coal stocks of Balaji Malts rose to 0.16 mn t from 0.12 mn t, while that of Mohit Minerals stood at 0.30 mn t in the week under review as against 0.26 mn t in the previous week.
Inventory at Gangavaram Port up
Total thermal coal stocks at Gangavaram Port rose 13.5% w-o-w to 2.7 mn t in week 26, mainly due weak sales volumes from Adani Enterprise, Indian Coke and Power, BSP and Swiss Singapore, while, at Vizag Port, the same increased by 3% w-o-w to 1.33 mn t due to an increase in stocks of Rain Cii, SAIL, Swiss Singapore, and JSW Ispat and Bhushan Power.
Stocks at Haldia Port fell slightly to 0.37 mn t, while the same at Paradip Port fell 11.8% w-o-w to 0.44 mn t as buyers are stocking up due to the rains.
At Mangalore Port, stocks fell to 0.46 mn t in week 25 from 0.50 mn t in the previous week due to rise in inventory of JSW Steel and Indian Coke and Power.
CoalMint’s vessel line-up data reveals, Krishnatpatnam Port is set to receive 0.61 mn t of thermal coal, mostly from Indonesia and Australia, followed by Hazira Port with 0.49 mn t and Mundra Port with 0.47 mn t.
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