- Portside prices fall by INR 100-200/t w-o-w
- Global market slows amidst CNY holidays
Indonesian non-coking coal prices at Indian ports have seen a slight decline w-o-w amid reduced demand stemming from lower industrial activity. Market sentiment remains weak, with trading activity subdued due to the Chinese New Year (CNY) holidays. This has led to a quieter market, with slower trade flows, further dampening the overall market outlook.
Port dispatches have also remained low, as inventory levels at Indian ports are sufficient to meet current demand. Consequently, even small industries are purchasing less coal. With ample supply both at ports and domestically, coal prices are experiencing downward pressure.
Non-coking coal inventories at Indian ports saw a significant decline of 4%, falling to 13.34 million tonnes (mnt) in the fourth week of 2025, down from 13.89 mnt last week, as per BigMint data.
At Indian ports, prices for 3400 GAR coal at Navlakhi fell by INR 200 at INR 4,450/t, while 4200 GAR coal at Kandla remained unchanged at INR 5,850/t. Prices for 4200 GAR at Vizag stayed flat at INR 5,750/t, and 5000 GAR coal at Kandla fell by INR 100 to INR 7,600/t. Similarly, high-GCV coal (5000 GAR) at Vizag fell by INR 100 at INR 7,550/t.
On the global front, Indonesian indexed coal prices saw a w-o-w decrease. Prices for high-CV (5800 GAR) coal fell by $0.48/t to $86/t, mid-CV (4200 GAR) coal dropped by $0.20/t to $48.56/t, and low-CV (3400 GAR) coal saw a reduction of $0.12/t to $29.70/t, all on FOB basis.
India’s portside and imported non-coking coal markets are expected to remain under pressure, with limited prospects for price recovery in the near term.
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