- Inventories increase 2% w-o-w to 12.38 mnt
- Sharp build-up at Mundra, Kandla offsets east coast decline
Portside thermal coal inventories across India increased 1.9% w-o-w to 12.38 mnt in week 12, compared with 12.15 mnt in week 11, indicating a mild recovery supported by fresh arrivals at select west coast ports.
East coast: Mixed trend with continued pressure
On the east coast, Paradip declined 8.8% to 1.04 mnt, while Dhamra fell 16.7% to 0.91 mnt and Vizag decreased 9.4% to 0.71 mnt, reflecting continued evacuation.
Krishnapatnam slipped 10.2% to 0.18 mnt, and Gopalpur dropped 23.5% to 0.07 mnt, while Haldia remained largely stable at 0.17 mnt.
However, Gangavaram surged sharply by 325% to 0.15 mnt, and Kakinada increased 23.5% to 0.39 mnt, indicating selective inflows.
West coast: Strong build-up across key ports
On the west coast, inventories increased sharply across major ports, led by Mundra, which rose 34.8% to 1.77 mnt, and Kandla, up 24.5% to 0.61 mnt.
Navlakhi increased 19.6% to 0.79 mnt, while Mangalore rose 12.6% to 0.74 mnt and Dahej edged up 5.7% to 0.76 mnt.
Tuna recorded a sharp increase of 143.4% to 0.25 mnt, while Karaikal rose 14.0% to 0.38 mnt.
Meanwhile, Hazira remained stable at 1.91 mnt, while Jamnagar declined sharply by 63.6% to 0.07 mnt, and Goa saw a complete drawdown to nil levels. Tuticorin also fell 32.9% to 0.54 mnt.
Buyer-wise stock position
Adani Enterprises inventories increased 12.7% w-o-w to 3.63 mnt, while Agarwal Coal stocks rose 4.5% to 0.97 mnt, indicating improved stockholding by key traders.
Market insight
The overall stock build was driven by fresh arrivals at key west coast ports, particularly Mundra and Kandla, which offset continued drawdown across several east coast locations.
The trend suggests selective restocking alongside ongoing evacuation, with inventory movement largely dependent on port-specific arrivals and consumption patterns.
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