The Anthracite coal market in India has remained lackluster due to availability of cheaper alternate fuels.
MARKET TREND
Lackluster atmosphere continues to prevail in the country’s Anthracite coal market as end-users prefer cheaper alternate fuels over the coal variant.
Import offers have remained unchanged from that assessed last. According to a reputed importer, import offers from Russia have remained at around USD 94/MT CFR India.
Demand for the coal variant has been eroded by the availability of cheaper alternate fuels, like Petcoke and other forms of coal.
Source: SteelMint Research
IMPORTS
During May’16, only 50,000 MT of Anthracite coal was imported into India, according to SteelMint Research. Out of the total quantity, JSW Steel imported 7,000 MT, and the rest by Tata Steel.
In Apr’16, the imports were higher at 71,000 MT, data available with SteelMint Research shows.
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