Coal

Imported Coal stock at Indian port falls by 8.5% W-o-W

Combined Coal stock (Coking Coal, Non-coking Coal and Anthracite) at major Indian ports declined by 8.5% to 8.4 MnT, during the end of week 3 (12 Jan- 18 Jan, 2014).

Week 3SteelMint assessed that 16 major Ports of India had stock of Non-coking Coal around 6.2 MnT during the end of week 3, which decreased by 9.2% compare to preceding week. During the same period, Coking Coal stock at Indian ports declined by 5.7 % to 2.1 MnT. However, it is noted that 21,000 MT of Anthracite stock of lied at Paradip port.

Paradip port on the East Coast of India had the highest Coal stock of around 1.7 MnT in the third week of January, 2014 which is slightly down by 4.5% from 1.8 MnT compare to previous week.

Stock of imported Coal at Tuticorin port shrunk by 35.8% to 0.23 MT compared to previous week. However, 0.10 MnT Coal stock placed at Muldwaraka port belongs to Ambuja Cement. Total Coal stock at Muldwaraka port slipped 33.3% from 0.15 MnT stock of preceding week.

Total Coking Coal stock at Mangalore port rose by 5.5% to 0.19 MnT from previous week.

SteelMint assessed that Indian Coal import dropped by 10.8% to around 2.5 MnT in the second week of January compared to week 1. Decrease in Coal import may impact on declined Coal stock at port.


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