The Anthracite Coal market in India has continued to bear a sluggish atmosphere; without any sign of improvement in the demand in the future.
On the other hand, there was no moderation in the offers, mainly due to the prices of Breeze Coke remaining at high rates. As a matter of fact, prices of the coal and Breeze Coke are co-related as both could be used in substitution of the other.
According to the latest assessment, the export offers for Anthracite Coal are at around USD 135/MT FoB, which translates into around USD 147/MT on CFR India basis.
Source: CoalMint Research
Due to the lackluster atmosphere in India, the imports of the coal have remained insignificant. During the 1-28Mar’18 period, only 30,010 MT of the coal was imported in the country, data compiled by CoalMint Research shows.
The importers were: Rawmet and Kalahasthi Pipes, which had imported 16,910 MT and 13,100 MT respectively from Russia, and through the Haldia and Krishnapatnam ports.
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