- Adani’s port stocks drop sharply
- Stocks at Gangavaram, Dhamra plunge
Thermal coal inventories at Indian ports experienced a slight decline of 1%, dropping to 12.09 million tonnes (mnt) in week 9 of CY’25, compared to 13.04 mnt in the previous week, according to data from BigMint.
Port-wise inventory breakdown
At major ports, stocks at Paradip remained almost unchanged, holding steady at 1.59 mnt week-over-week. Similarly, stock levels at Magdalla and Jamnagar remained stable at 1.57 mnt and 0.32 mnt, respectively. However, ports such as Gangavaram and Dhamra saw more significant decreases. Gangavaram’s inventory dropped by 7%, falling to 0.29 mnt from 0.31 mnt, while Dhamra’s stocks fell by 4%, dropping to 1.12 mnt from 1.17 mnt. Mundra also experienced a notable decline, with inventories decreasing by 6%, down to 1.02 mnt from 1.08 mnt.
Company-wise inventory trends
Among coal-handling companies, stock levels showed mixed trends. Adani Enterprise saw a 5% reduction in inventories, which fell to 2.8 mnt in week 9 from 3 mnt in the previous week. On the other hand, Agarwal Coal experienced a slight decrease of 1%, with its stocks dropping to 1.09 mnt from 1.1 mnt.
Market overview
Portside South African thermal coal prices in India declined w-o-w amid sluggish demand. RB2 (5500 NAR) dropped by INR 150/t to INR 8,500/t exw-Gangavaram, while RB3 (4800 NAR) fell by INR 50/t to INR 7,150/t. Improved domestic coal availability shifted buyers’ preference towards local supplies, leading to softer portside offers and bids falling by INR 100-200/t.
In export markets, South Africa’s RB2 offers slipped by $1/t w-o-w to $78/t FOB, while RB3 declined by $1/t to $61/t FOB.
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