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India: Anthracite Coal Stock witnesses Sharp Hike

Combined Coal stock (Coking, Non-coking & Anthracite) at major Indian ports stood at 11.3 MnT, which shows a slight growth at the end of week 27, regarding previous week.

As per the consideration of SteelMint, 16 major Indian ports have stock of around 1.9 MnT Steel grade Coal. Coal at ports is showing a decline of 1.7 % against previous week. However, Non-coking Coal stock at ports has risen by 0.6% to around 9.2 MnT.

Nearly, 96,000 MT of Anthracite stocked at Paradip port, which registered a visible growth regarding previous week. Total quantity  belongs to Tata Steel, Visa, Balasore Alloys & IMFA.

Coal Week 27

East Coast based Krishnapatnam port had the highest Coal stock of around 2.9 MnT, which registered improvement of 3% regarding previous week. Stock quantities followed by Gangavaram port in terms of volume & stockpile 1.7 MnT, which decreased by 2% compared to previous week. Whereas, Paradip & New Mangalore port had stock of around 1.8 MnT & 0.92 MnT respectively. Stock position at Tuticorin port has increased by 5% from previous week and reached at around 0.32 MnT.

Adani, JSW Steel & MGB Commodities have the highest quantity of Coal stock i.e. about 1.8 MnT, 1.6 MnT & 0.8 MnT respectively. Total stock quantity of JSW is at Krishnapatnam, Goa & Mangalore port, while RINL has stock of around 0.45 MnT at Gangavaram port.

The ports considered are: Dahej, Mormugao, New Mangalore, Hazira, Kandla, Bhavnagar, Tuticorin, Magdalla, Pipavav, Muldwarka, Gangavaram, Haldia, Krishnapatnam, Kakinada, Paradip & Vizag.

 


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