Author: Shivani Patil
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India: Thermal coal inventories fall sharply amid cargo evacuation
Port stocks fall as evacuations outpace arrivals Major importers reduce inventory holdings India’s thermal coal inventories at major ports declined by about 15% w-o-w to 11.79 mnt in August 9, from 13.86 mnt in the previous week, as cargo evacuations exceeded fresh arrivals across most major ports. The drawdown indicates stronger movement of existing imported…