Anthracite Coal market in India has continued to bear lackluster demand and the outlook also remained bleak.
Interestingly, import offers have gone up further as demand increased in international regions. The latest import offer of Anthracite Coal is assessed higher at USD 127/MT CFR India, which is up by USD 4/MT from the assessment last week.
Source: Market Participants
Demand for Anthracite Coal has increased in most of the international regions due to stockpiling by power plants to meet the peak demand for power in the winter season.
In China, demand for the coal variant has been strong due to active fertilizer production.
In the meantime, South Korea based South East Power Company Limited is learnt to have purchased 60,000 MT of Russian Anthracite Coal at USD 75/MT China.
Globally, demand for the coal will remain strong during the winter season, subsequent to which the demand will slowdown as power consumption will recede.
IMPORTS
Understandably, imports of Anthracite Coal into India have remained low. During the 1-14 Oct’16 period, only 56,700 MT entered into the country, data compiled by CoalMint Research shows.
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