Anthracite Coal offers have declined due to the falling prices of Coking Coal.
The latest Anthracite Coal offers are assessed at around USD 130/MT CFR India, lowered by USD 10/MT in comparison with the rates assessed a week-ago. The offers have moved down following the steady decline in Coking Coal prices in international markets.
Demand for the coal has remained sluggish in India as buyers preferred alternate fuels. Moreover, there is no prospect for any upturn in the country’s market in the future.
IMPORTS
There has been no spurt in Anthracite Coal imports in India due to the lackluster demand. According to an analysis by CoalMint Research, a meager volume of 124,650 MT of Anthracite Coal was imported into India in Apr’17, and that was lower by around 18% over the imports of 152,100 MT in Mar’17.
Source: CoalMint Research
On a year-on-year comparison, the imports during Apr’17 surged by around 75% over the imports of 71,000 MT in Apr’16.
During the first month of FY18, the imports from Russia accounted for the highest share in the total imports during the month, followed by the imports from South Africa.
| ORIGIN | QUANTITY(in MT) |
| South Africa | 20,000 |
| Russia | 104,650 |
| TOTAL | 124,650 |
Source: CoalMint Research
A port-wise break-up of the imports during Apr’17 shows that the Paradip port had handled the highest volume of import traffic during the month, followed by the Haldia and Dharamtar ports.
Source: CoalMint Research
The importers during the month were: JSW Steel, Electrosteel, Jindal Steel and Power, Balasore Alloys and Oswal.
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