Rising demand for Anthracite Coal is being reflected on the prices. Prices of the coal variant have continued to exhibit a rising trend, driven by strengthening demand in the key international regions.
The latest import offers of the coal variant have been reported to go up by USD 2/MT to USD 123/MT CFR India.
Source: Market Participants
As learnt from a source, stocking of the coal has begun actively in the Ukraine region, where, inventories of power plants have risen steadily. The stockpiling of the coal variant is being done in view of the excessive demand for power during the peak winter season.
Moreover, demand has been rising in other regions as well. Another bit of information received from a source, South Korea based Midland Power Company Limited recently booked 80,000 MT of Anthracite Coal from South Africa, for delivery in Nov’16. The export price was quoted at USD $72/MT FoB.
IMPORTS
In contrast, demand for the coal has continued to remain lackluster in India as buyers in the country preferred alternate fuels to run their production machineries. The rise in the price of the coal will thus inflict no influence on the Indian market.
Clearly, Anthracite Coal imports into India have been low. During the 1-29 Sep’16 period, only 52,800 MT of the coal has been imported into the country, data compiled by CoalMint Research shows.
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