Anthracite Coal Import Offers Stable, Sluggish Atmosphere Continues

Sluggish atmosphere continued to engulf the Indian Anthracite coal market.

Buyers in the country were reluctant to procure the coal variant due to the ample availability of cheaper alternate fuels, like Petcoke and other forms of coal.

Import offers have remained unchanged from that assessed last week. The latest import offers have been assessed at USD 96/MT CFR India.

Source: Market Participants

IMPORTS

Imports of the coal variant were in a dull state as a consequence of the sluggish trend. During the 1-25 Jul’16 period, a meager quantity of 100,600 MT was imported into the country, according to SteelMint Research.

The importers during the period were: Rawmet Commodities, Jindal Steel and Power Limited and Essar Steel.