Lack of activity has kept the Anthracite Coal market in India in a dull state. Of late, international offers for the coal have dipped slightly.
Following the falling trend in the other coal prices, especially those for Coking Coal, prices of Anthracite Coal also have depicted a sliding trend in international markets.
The latest offer for Anthracite Coal is assessed at USD 112/MT CFR India, lower by around USD 3/MT than the week-ago rate.
Source: CoalMint Research
Due to the sluggish demand in the Indian market, imports of the coal have been negligible. In May’17, a meager volume of 93,900 MT of Anthracite Coal was imported in the country, data collected by CoalMint Research shows.
The import volume had sank 24.67% month-on-month, but gained 87% year-on-year. In May’16, 50,000 MT of the coal was imported in India.
Source: CoalMint Research
COUNTRY-WISE ANTHRACITE COAL IMPORTS IN INDIA DURING MAY’17
| ORIGIN | QUANTITY (in MT) |
| Latvia | 85,500 |
| Vietnam | 8,400 |
| TOTAL | 93,900 |
Source: CoalMint Research
The importers during the month were: KIC Metaliks, IMFA and JSW Steel.
Leave a Reply