Grim atmosphere continues to prevail in the Indian Anthracite coal market. The market outlook is bleak.
MARKET TREND
Import offers have remained stagnant. According to a reputed importer, import offers from Russia have remained at around USD 94/MT CFR India.
Source: Market Participants
Import affinity among buyers in the country is at the lowest as cheaper alternate fuels, like Petcoke and other forms of coal are available.
IMPORTS
During the 1-18 Jun’16 period, 130,900 MT of Anthracite coal was imported into India, according to data compiled by SteelMint Research. The importers were: Arya Iron, Jindal Steel and Power Limited and Rashmi Metaliks.
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