Supply shortage in international market has pushed Anthracite coal offers slightly up.
However, it seems to be a matter of least concern for Indian buyers, given the sluggish demand prevailing in the country.
According to a reputed importer in the country, Anthracite coal offers have slightly gone up by USD 1-2/MT due to tight availability in international market. The latest offers are thus assessed at USD 91-93/MT, CFR India.
End-users preferring cheaper alternate fuels, which has eroded demand for Anthracite coal. With alternate fuels like Petcoke, and other forms of coal, being available abundantly and at competitive prices, both in domestic as well as international markets, demand for Anthracite coal is unlikely to revive soon.
During Feb’16, only two import consignments, with a cumulative quantity of 69,500 MT, have landed at Indian ports, according to SteelMint Research. The importers were Essar and JSW Steel.
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