Author: Yuvraj Chouhan
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India: Thermal coal stocks at ports fall 2% w-o-w despite gains at select ports
Drop in stocks reflects steady cargo evacuation Inventory rises at Magdalla, Karaikal, Dahej India’s thermal coal inventories at major ports declined 1.6% w-o-w to 14.83 million tonnes (mnt) in Week 26, compared with 15.07 mnt in the previous week. The decline reflected steady cargo evacuation by power plants and industrial consumers. However, inventories remained at…