Anthracite Coal Import Offers Drift Downwards, No Improvement in Indian Demand

Anthracite Coal import offers have shown a downward trend as demand stagnated in the key international regions.

The latest import offer is assessed significantly lower at USD 110/MT CFR India, which is lower by USD 10/MT than that in the week last.

Source:Market Participants

In the meantime, stocks of Anthracite Coal are heard to have declined at the thermal power plants in Ukraine to 877 ‘000MT.

IMPORTS

In India, demand has continued to be sluggish as buyers’ preferred alternate fuels over the coal variant. There was almost no import during the month of Dec’16. According to CoalMint Research, only JSW Steel imported 24,300 MT of Anthracite Coal in Dec’16.