Thermal coal stock at Kandla Port in week 52 (19-23 Dec’21) fell 6% w-o-w to 1.9 million tonnes (mn t), CoalMint’s stock data reveals. On a m-o-m basis, the same declined 12%.
The port usually receives the largest volume of Indonesian coal, followed by South African (SA), and US. Last week, there was an increased demand for portside stock of South African coal amid northward import prices of the same that have risen by up to $145/t as on 23 Dec’21, and limited vessel arrival from the country. Demand rose because importers fear prices may rise further due to logistics issues.
However, with the declining trend of Indonesian coal prices since the past few weeks, buyers adopted a wait and watch mode before making any major booking, preventing any sharp fall in stock levels.
Limited supply from Indonesia due to heavy rains and surging prices had affected its shipments and stock at Indian ports in September and October.
Party-wise coal stock at Kandla Port reveals coal traders and end-users are under pressure.
| Receivers | Week 51 | Week 52 | % Change |
| Agarwal Coal | 0.233 | 0.218 | -6 |
| Ambuja Cement | 0.039 | 0.034 | -12 |
| At Trader Overseas | 0.062 | 0.055 | -11 |
| Balaji Malt | 0.024 | 0.020 | -15 |
| Delta Global | 0.010 | 0.008 | -24 |
*Quantity in mn t
Total thermal coal stock at Indian ports unchanged
The total thermal coal stock at India ports remained largely unchanged at 13.9 mn t on a w-o-w basis as overall vessel arrivals remained weak. Portside trading activities of US, Australian and Indonesian coal at other ports also remained sluggish in anticipation of further price correction and the current holiday season.
| Port | Week 51 | Week 52 | % Change |
| Vizag | 2.38 | 2.51 | +5 |
| Kandla | 2.03 | 1.91 | -6 |
| Gangavaram | 0.98 | 0.95 | -3 |
| Paradip | 0.25 | 0.3 | +20 |
| Mundra | 0.69 | 0.57 | -17 |
*Quantity in mn t
Party-wise thermal coal stock
Continuing the trend, Adani Enterprise has the highest quantity of thermal coal at various Indian ports due to new vessel arrival at Gangavaram, Krishnapatnam, and Dhamra ports.
Thermal coal stock of Agarwal Coal also rose sharply due to inventory addition at Haldia, Kandla and Magdalla ports.
| Party name | Week 51 | Week 52 | % Change |
| Adani Enterprise | 0.77 | 1.89 | +144 |
| Agarwal Coal | 0.49 | 1.07 | +118 |
| Essar Steel | 0.74 | 0.68 | -7 |
| Friends Impex | 0.46 | 0.46 | -1 |
| Ultratech Cement | 0.42 | 0.4 | -5 |
*Quantity in mn t
Outlook
Amid volatile thermal coal prices, vessel arrival from various origins is expected to remain subdued which may put further pressure on the existing portside thermal coal stock in the coming weeks.
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