Thermal coal stocks at major Indian ports rose by 7.8% to 15.2 million tonnes (mn t) during week 25 of CY’21 (13-17 Jun’21) as against 14.1 mn t in the previous week, CoalMint’s stock report reveals. Adani Power accounted for the highest share in total stocks at all Indian ports, up 27% w-o-w.
Inventories of Adani Power, Adani Enterprise rise
After falling from the last two weeks, thermal coal stocks of Adani Power rose to 2. 8 mn t. Majority of its stocks are at Mundra (1.42 mn t), Hazira (0.90 mn t), and Dahej (0.50 mn t) ports.
Thermal coal stocks held with Adani Enterprise rose by 31.93% w-o-w to 2.1 mn t in week 25 amidst inventory building before the monsoon. The company held majority stocks at Krishnapatnam Port (0.95 mn t) and Gangavaram Port (0.72 mn t).
Following this was Agarwal Coal which had a combined stock of about 1 mn t at Navlakhi, Magdalla, Kandla, Mangalore, and Tuticorin ports.
Thermal coal stocks of Swiss Singapore rose to 0.25 mn t, while that of Mohit Minerals stood at 0.26 mn t in the week under review as against 0.17 mn t in the previous week.
Inventory at Gangavaram Port declines
Total thermal coal stocks at Gangavaram Port fell 10.2% w-o-w to 2.3 mn t in week 25, mainly due to a fall in inventories of Indian Coke and Power, BSP and Swiss Singapore, while, at Vizag Port, the same increased by 6% w-o-w to 1.3 mn t due to an increase in stocks of Tata Steel, Rain Cii, Sarda Metal, and JSW Ispat and Bhushan Power.
Stocks at Haldia Port increased slightly to 0.46 mn t, while the same at Paradip Port fell 39% w-o-w to 0.50 mn t as buyers are stocking up due to the rains.
At Mangalore Port, stocks rose to 0.50 mn t in week 25 from 0.35 mn t in the previous week due to rise in inventory of JSW Steel and Agarwal Coal.
CoalMint’s vessel line-up data reveals, Mundra Port is set to receive 0.64 mn t of thermal coal, mostly from Australia and the US, followed by Hazira Port at 0.53 mn t and Krishnapatnam Port.
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