There was no change in the international offers for Anthracite Coal during the recent past. At the same time, the market in India also saw no improvement in the demand, which remained lackluster in the usual manner.
Anthracite coal buyers in India do not prefer using the coal but prefer using alternate fuels, resulting in the prevalence of a sluggish market in the country. Indications also point out at the absence of any prospect of the demand to improve in India in the future.
The latest international offers for Anthracite Coal are assessed at around USD 145/MT CFR India, unchanged from the week-ago offers.
Source: CoalMint Research
In India, imports of the coal have been insignificant due to the absence of demand. During Feb’18, a meager volume of around 83,300 MT of Anthracite Coal was imported in India, according the import data compiled by CoalMint Research. The import volume during the second month of the current year was lower by around 27.88% over the imports of around 115,500 MT in Jan’18.
Source: CoalMint Research
On year-on-year comparison, the imports in Feb’18 were slightly lower by around 0.83% over the imports of around 84,000 MT in Feb’17.
The importers during the month were: Rawmet, Indian Metals & Ferro Alloys, Jindal Stainless and Jindal Steel & Power.
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