Gloomy atmosphere continues to prevail in the Anthracite Coal market in India.
There seems to be no import affinity left among buyers in the country.
The market outlook also remains sluggish upto the medium term. Availability of cheaper alternate fuels has restricted end-users from importing the relatively high-priced fuel.
Import offers this week have remained unchanged from that assessed the week last. According to a reputed importer, import offers from Russia have remained at around $96/MT CFR India.
Source: Market Sources
Anthracite coal exports from international markets are finding no takers in India mainly due to prevalence of cheaper alternate fuels, like Pet Coke and other forms of coal.
IMPORTS
During the current month, no import has landed upto the 16th of May’16, according to SteelMint Research.
In Apr’16, a meager quantity of 71,000 MT was imported into the country against 100,250MT in Apr’15, data available with SteelMint Research shows.
Source: SteelMint Research
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