India: Thermal coal stocks at Krishnapatnam up 29% w-o-w on inventory addition

CoalMint’s stocks report reveals that thermal coal stocks at Krishnapatnam Port rose to 1.81 million tonnes (mn t) in week 29, as on 15 Jul’21, up 29% w-o-w due to a rise in the inventories of major importers and the arrival of a few new vessels.

The inventory of Adani Enterprise rose by 35% w-o-w to 1.10 mn t, while that of JSW Steel’s reached 0.25 mn t, up 5% w-o-w.

Owing to  less portside trade amid higher prices, inventories of several importers also remained largely unchanged from last week.

Thermal coal stocks at Gangavaram Port continued to be the highest with 2.96 mn t this week. CoalMint’s stock report reveals that BSP, Indian Coke, and Swiss Singapore jointly accounted for the highest volume of stocks at 1.43 mn t at Gangavaram Port, followed by Adani Enterprise with 1.01 mn t and RINL with 0.40 mn t.

Stocks at Vizag Port were at 2.20 mn t, while the same at Mundra and Paradip ports were at 2.11 mn t and 1.77 mn t, respectively.

Coal stocks at Haldia Port rose to 1.47 mn t this week as against 0.41 mn t last week with the arrival of SAIL’s new vessel (1.01 mn t) and rise in stocks of Tata Steel (0.22 mn t).

At Kandla Port, thermal coal stocks were at 1.22 mn t due to a rise in the inventory of Mohit Minerals, Agarwal Coal and JSW Minerals.

*Quanity in mn t

Stocks of Adani Power, Adani Enterprise rise further

Port-wise, thermal coal stocks held with Adani Enterprise remained highest at 3.32 mn t in week 29. Major portion of its stocks were held at Krishnapatnam Port (1.11 mn t) and Gangavaram Port (1.01 mn t).

Thermal coal stock of Adani Power were at 2.76 mn t with majority of it held at Hazira (1.09 mn t), Mundra (1.0 mn t), and Dahej (0.68 mn t) ports.

Following this was SAIL, whose major portions were held at Haldia (1.01 mn t), Vizag (0.60 mn t), Dhamra (0.40 mn t), and Paradip (0.19 mn t) ports.

Tata Steel has a combined stock of about 1.22 mn t at Dhamra, Paradip, Haldia, and Mangalore ports.