Indian Anthracite Coal Market Continues to See Low Imports, Lackluster Demand

Anthracite Coal demand as well as imports remained low as sluggish demand persisted in the country. In contrast, strong demand has prevailed in international regions, especially in Asia.

The latest import offers have marginally gone down from that in the week last. According to a reputed importer, the latest import offer is at around USD 130/MT CFR India, which is lower by USD 3/MT from that assessed last week.

Source: Market Participants

In India, demand continues to remain dull because of the tendency of the buyers to use alternate fuels.

IMPORTS

Anthracite Coal imports have remained low, apparently due to the low demand in the country. During Nov’16, 77,300 MT of the coal was imported into India, according to data compiled by CoalMint Research. The import volume during the month had declined by 17.27% over that in Oct’16.

Source: CoalMint Research

During the Apr-Nov’16 period, 664,560 MT of Anthracite Coal was imported into the country, according to CoalMint Research.

During Nov’16, imports from Russia constituted the highest share in the total import volume during the month; followed by that from Canada.

Source: CoalMint Research

The Paradip port had handled the highest volume of import traffic during Nov’16, while, the Vizag port handled the rest.

Source: CoalMint Research

The importers during the month were: Essar Steel, Indian Metals and Ferro Alloys Limited and Jindal Steel and Power Limited.