CoalMint’s stock report reveals very low thermal coal stocks at Haldia Port, at 0.38 million tonnes (mn t), as on 1 Jul’21.
A large portion of the imported coal kept at the port has been sold off, while no vessel for trade purposes has arrived in the last once month amid escalated freights of Supramax vessels. Also, as per vessel line-up data, only 0.3 mn t are scheduled to arrive at the port in the upcoming week.
On the other hand, importers such as Tata Steel and Rungta Mines have been bringing vessels at the port for their captive consumption.
As per CoalMint’s vessel line-up data, Tata Steel accounted for the highest share in total stocks at the port with 0.14 mn t for week 26, while Hongshi Shivam Cement stock remains at 39,000 t, and Rungta Mines’ at 24,000 t.
Manufacturing units around Haldia Port are heard to have either shifted to domestic coal or are purchasing imported coal from Dhamra or Vizag ports.
Total thermal coal stock at major Indian ports also remained largely unchanged at 15.6 million tonnes (mn t) during week 26, CoalMint’s stock report showed.
Stocks at ports remain unchanged w-o-w
Thermal coal stocks at Indian ports remained the same with marginal fluctuations amid limited portside trading, increased availability of domestic coal, and muted demand from various sectors.
Total thermal coal stocks at Kandla Port were assessed at 1.20 mn t in week 26. CoalMint’s stock report reveals, Friends Impex accounted for the highest stock of 0.34 mn t at Kandla Port, followed by Swiss Singapore at 0.26 mn t, and Ultratech Cement with 0.14 mn t.
Stocks at Mundra Port were at 2.0 mn t, while the same at Gangavaram and Kirshnapatnam ports were at 2.65 mn t and 1.42 mn t, respectively.
At Mangalore Port, thermal coal stocks were at 0.46 mn t in week 26 due to rise in the inventory of JSW Steel and Indian Coke and Power.
Adani Enterprise and Adani Power rule the charts
Port-wise, thermal coal stock of Adani Enterprise remained higher at 2.62 mn t with majority of its stocks at Gangavaram (1.10 mn t), Krishnapatnam (1.02 mn t), and Navlakhi (0.38 mn t) ports.
Thermal coal stock held with Adani Power was at 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 Essar Steel were at 0.47 mn t, while that of Friends Impex were at 0.34 mn t in the week under review.
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