Anthracite coal market in India continues to remain lackluster; leading to stability in prices.
Currently, offers are hovering in the range of USD 84-85/MT, CFR India. However, market participants expect some improvement in demand in Nov’15.
A trader in east India said, “As of now, there is no improvement in demand and it continues to remain weak. Current offers of Anthracite coal are assessed at INR6,000/MT.”
Meanwhile, Anthracite coal import into the country has fallen due to prevalence of weak demand. During Sept’15, imports fell to 29,300 MT- the 2nd lowest import volume during H1 FY16. The 1st lowest import consignment during FY16 was recorded in May’15 at 22,000 MT.
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