- Coal prices stable but demand remains sluggish
- Non-coking coal inventories fall by 9%
Indonesian non-coking coal prices at Indian ports remained stable w-o-w, driven by a stronger dollar and rising freight costs. As a result, CFR prices adjusted, though bids stayed at similar levels. Demand remains subdued, with some inquiries from end users and no firm commitments yet. Dispatches from ports have shown little growth, and port stock levels have stayed largely unchanged.
Price movements across different coal grades at Indian ports were mixed. At Kandla, 5000 GAR coal held steady at INR 7,650/t, while high-GCV 5000 GAR at Vizag saw a decrease of INR 50/t, dropping to INR 7,550/t. The price of 3400 GAR coal at Navlakhi fell by INR 150/t to INR 4,350/t, while 4200 GAR coal at Kandla remained unchanged at INR 5,850/t. Similarly, the price of 4200 GAR at Vizag remained stable at INR 5,750/t.
According to BigMint’s data, non-coking coal inventories at Indian ports dropped by 9%, falling to 12.58 million tonnes (mnt) in week 7 of 2025, down from 13.76 mnt the previous week.
Demand continues to be weak, with only a few inquiries from end users and no firm deals in sight. Market sentiment is cautious, with buyers reluctant to make purchases. Dispatches from ports have seen minimal growth, indicating limited movement of coal. Port stock levels have decreased, reflecting a shift in supply and demand dynamics.
Globally, Indonesian indexed coal prices showed mixed trends. High-CV 5800 GAR coal fell by $0.36/t to $85.74/t, while mid-CV 4200 GAR coal rose by $0.43/t to $49.13/t. Low-CV 3400 GAR coal increased by $0.76/t to $30.82/t, all on a free-on-board (FOB) basis.
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