There has been no change in the Anthracite Coal market in India. The demand continued to be sluggish, with the buyers in the country preferring alternate fuels.
The global offers have not changed significantlyfrom the week-ago rates. However, there offers will decline in the near future as Coking Coal prices are moving downwards.
The latest Anthracite Coal offer is assessed at around USD 136/MT CFR India, almost unchanged from the offer assessed in the week last.
In India, Anthracite Coal imports were insignificant due to the prevalence of the lackluster demand. According to the data compiled by CoalMint Research, only 94,500 MT of the coal was imported in India during the 1-27Sep’17 period. The only importers were: JSW Steel, Sri Kalahasthi Pipes and Electrosteel Castings.
Besides, there is no prospect for the market in India to improve in the future.
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