- Vizag, Paradip, Dhamra ports record sharp gains in coal stocks
- Gangavaram , Krishnapatnam witness significant declines in stocks
Portside thermal coal inventories in India were largely stable this week at around 15.86 mnt compared with 15.87 mnt in the previous week. The marginal change reflects steady arrivals balanced by muted demand.
Port-wise inventory trends
Among the key ports, Vizag saw stocks rising to 1.36 mnt from 1.17 mnt, marking an increase of around 16.3% w-o-w. In Dhamra, inventories climbed to 1.26 mnt from 1.09 mnt, up nearly 16%, while Paradip saw stocks rise to 1.73 mnt from 1.54 mnt, higher by 12.3%.
Kakinada posted the steepest gain, with stocks reaching 0.65 mnt compared with 0.41 mnt, up 58.1% w-o-w. Dahej also saw a slight rise to 0.77 mnt from 0.75 mnt.
Conversely, in Gangavaram, stocks fell sharply to 0.23 mnt from 0.32 mnt, down by 26.7%. In Krishnapatnam stocks dropped to 0.17 mnt from 0.24 mnt, lower by 28.7%. Haldia saw stocks declining to 0.22 mnt from 0.27 mnt, down by 18.9%, and in Mundra they slipped to 0.75 mnt from 0.85 mnt, registering an 11.7% fall w-o-w. In Navlakhi, too, stocks eased to 1.06 mnt from 1.16 mnt, down by 8.3% w-o-w.
Company-wise inventory trends
Adani Enterprises inventory rose slightly to 3.09 mnt from 3.05 mnt, marking an increase of 1.3%. Agarwal Coal’s stock declined to 1.22 mnt from 1.27 mnt, reflecting a 3.8% drop.
Market overview
South African portside coal prices held steady this week despite an uncertain market. RB2 (5500 NAR) was assessed at INR 7,600/t and RB3 (4800 NAR) at INR 6,600/t exw-Gangavaram. Sponge iron prices showed marginal gains, but overall market sentiment stayed cautious.
Indonesian coal prices stayed under pressure across Indian ports during the week ending 27 June due to weak demand from sectors such as steel, power and textiles. The 5000 GAR and 4200 GAR grades slipped marginally by INR 50/t w-o-w, while 3400 GAR held steady.
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