Thermal coal stocks at major Indian ports fell by 3.2% to 15.2 million tonnes (mn t) during week 23 of CY’21 (30 May’21- 3 Jun’21) as against 15.7 mn t in the previous week, CoalMint’s stock report reveals.
Decline in Adani Enterprise, Adani Power inventory
Although thermal coal stocks of Adani Power continued to remain higher than others, its inventory recorded a fall of 8% week-on-week (w-o-w) to 2.92 mn t. Most of its stocks were assessed at Mundra (1.6 mn t), Hazira (0.89 mn t), and Dahej (0.47 mn t) ports.
Thermal coal stocks held with Adani Enterprise fell by 17% w-o-w to 1.70 mn t in week 23 amid increased portside sales by the importer and no new vessel arrival at port. The company held majority stocks at Krishnapatnam Port (0.74 mn t), and Gangavaram Port (0.60 mn t).
Following Adani Enterprise was Agarwal Coal which had a combined stock of about 1.09 mn t at Navlakhi, Magdalla, Kandla, Mangalore and Tuticorin ports.
Thermal coal stocks with Swiss Singapore was largely unchanged at 0.21 mn t, while stocks with Mohit Minerals stood at 0.32 mn t in week 23 as against 0.28 mn t in the previous week.
Stocks at Gangavaram stable:
Total thermal coal stocks at Gangavaram Port have been recorded at 2.23 mn t in week 23 as against 2.42 mn t in week 22, mainly due to fall in Adani Enterprise’s inventory, while, at Vizag Port, the same increased by a mere 1% w-o-w to 1.30 mn t due to rise in IMR Resources’ inventory.
Stocks at Haldia port, however, increased by 10% w-o-w to 0.37 mn t, while Paradip Port’s rose 19.4% w-o-w to 0.45 mn t.
At Mangalore Port, the same moved up to 0.52 mn t in week 23 as against 0.38 mn t in the previous week mainly due to increased stocks of JSW Steel’s.
CoalMint’s vessel line-up reveals, Krishnapatnam is set to receive the highest volume of 1.82 mn t of thermal coal between 5-24 Jun’21, with the fossil fuel coming from South Africa, Indonesia, and Australia.
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