COVID-19 crisis has led to changes in trade dynamics of various commodities and one such notable switch observed is in case of Colombian thermal coal entering India especially since Mar’20.
The vessel line-up data with CoalMint reveals that starting March till the first week of June about 2.33 mn t thermal coal from Colombia has entered India with the majority coming in western ports of Mundra and Kandla. During same period last year, the presence of Colombian thermal coal in the Indian market was negligible.
Further analysis shows that the power sector was the main buyer of Colombian coal with a percentage share of 63% in total imports followed by the traders.
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