Anthracite Coal offers have not gone up as demand in international regions was low.
At the same time, the market outlook in India continues to remain bleak as buyers prefer alternate fuels, and there is almost no interest among buyers for Anthracite Coal.
The latest offer for Anthracite Coal is assessed at USD 115/MT CFR India, which is lower by USD 5/MT than the week-ago rate. Anthracite Coal offers are exhibiting a falling trend as demand is decreasing in the international markets.
Source: CoalMint Research
In an international round-up, Anthracite Coal stocks at thermal power plants in Ukraine is expected to decline to 182,600 ton, which will be 63% lower than the stocks of 494,100 ton, as on 29 Mar’17.
IMPORTS
It is needless to say that import affinity for the coal is almost nil in India, with a few exceptions. During the 1-27Mar’17 period, a meager quantity of 141.1 ‘000MT was imported into India, data compiled by CoalMint Research shows.
The importers were: Tata Steel, Essar Steel, Jindal Steel and Power Limited and JSW.
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