The Indian Anthracite Coal market has shown no sign of any improvement. Sluggish demand continued to prevail.
Import offers also have stagnated at the last known rates. The latest import offer is assessed stable at USD 120/MT CFR India.
Source: Market Participants
In an international round-up, the Ukrainian government is heard to plan for switching all thermal power plants of the public joint-stock company, Centrenero, that are running on Anthracite Coal to gas. This implies that demand for the coal will shrink in that country in the future.
IMPORTS
Amid the dull scenario, few shipments of Anthracite Coal imports have landed at Indian ports. During the 1-18 Jan’17 period, a meager quantity of 25,340 MT was imported into the country, according to data compiled by CoalMint Research.
Leave a Reply