India: Thermal coal port stock increases marginally in week 06

• Adani’s coal stocks steady, Agarwal sees decline
• Stocks at Haldia, Mangalore ports fall w-o-w

Thermal coal inventories at Indian ports increased marginally by 0.7% to 13.76 million tonnes (mnt) in week 6 of CY’25 from 13.66 mnt in week 5, as per BigMint data.

Company-wise break-up

Adani Enterprise: Stocks remained almost unchanged, recording a slight dip of 0.3% to 3.62 mnt in week 6 from 3.63 mnt in the previous week.

Agarwal Coal: Inventories declined by 5.3% to 1.13 mnt in week 6 from 1.19 mnt in week 5.

Port-wise break-up

Stocks at Paradip, Haldia, Vizag, and Krishnapatnam remained stable in week 6 compared to week 5, showing minimal fluctuations.

Haldia: Stocks declined by 6.9% to 0.40 mnt from 0.43 mnt in the previous week.

Mangalore: Stocks fell by 6.2% to 0.65 mnt from 0.69 mnt w-o-w.

Gangavaram: Stocks saw a marginal decline of 1.0% to 0.41 mnt from 0.42 mnt in the previous week.

Mundra: Inventories rose by 10.6% to 1.03 mnt in week 6 from 0.93 mnt in week 5.

Tuticorin: Stocks increased by 12.2% to 1.05 mnt in week 6 from 0.94 mnt in the previous week.

Market overview

Portside South African thermal coal prices in India remained under pressure due to weak demand and limited trade. RB2 (5500 NAR) prices fell by INR 50/t to INR 8,650/t, while RB3 (4800 NAR) stayed at INR 7,250/t at Gangavaram Port. Port inventories rose 2.4% to 13.66 mnt in week 5. South Africa’s RB2 export price increased by $1/t to $82/t FOB. Meanwhile, domestic 5000 GCV coal rose by INR 50/t to INR 5,950/t exw-Bilaspur. Despite weak buying, INR depreciation to 87.5 against the dollar may support import offers, preventing sharp price drops in the near term.