Anthracite Coal Prices Remain Stable on Moderate Demand

Anthracite coal import offers have remained almost stable at around USD 90/MT, CFR India in comparison with that prevailed during previous week.

In domestic market, coal prices have remained stable due to moderate demand, according to market participants. A trader in east India quoted his price for high carbon content Anthracite coal at INR 14,500/MT. He further said that demand was moderate and price did not undergo variations.

Ruled by inactive demand, Anthracite coal imports into the country have also fallen. During Sept’15, imports fell to 29,300 MT- the 2nd lowest import volume during H1 FY16. The lowest import consignment during FY16 was recorded in May’15at 22,000 MT.