Thermal coal stocks at major Indian ports rose marginally to 15.7 million tonnes (mn t) during week 22 of 2021 (23-27 May’21), CoalMint’s stock report reveals.
Adani Power and Adani Enterprise take the highest spot
Adani Power continued to remain at the top amongst those having the highest quantity of thermal coal stocks at Mundra, Hazira and Dahej ports. Its inventory recorded an increase of 15.4% week-on-week (w-o-w) to 3.16 mn t.
Adani Enterprises stood in second position on the list with an inventory of 2.05 mn t. However, its inventory fell by 2.8% w-o-w with majority stocks at Krishnapatnam (0.9 mn t) and Gangavaram ports (0.7 mn t).
Following Adani Enterprise, was Agarwal Coal which has a combined stock of about 1.1 mn t at Navlakhi, Magdalla, Kandla, Mangalore and Tuticorin ports.
Thermal coal stocks with Swiss Singapore stood at 0.22 mn t in week 22 as against 0.18 mn t in the previous week, while India Coke and Power stocks remained largely unchanged at 0.4 mn t.
Thermal coal stocks at Gangavaram Port highest:
Total thermal coal stocks at Gangavaram Port have been recorded at 2.42 mn t in week 22 as against 2.36 mn t in the previous week, mainly due to an increase in Adani Enterprise’s inventory from the previous week, while, at Vizag Port, the same increased by 8.4% w-o-w to 1.29 mn t.
Stocks at Haldia and Paradip ports were largely unchanged at 0.4 mn t each, while thermal coal stocks at Mangalore Port moved up to 0.38 mn t in week 22 as against 0.21 mn t in the previous week mainly due to increased stocks of Agarwal Coal.
CoalMint’s vessel line-up reveals, Krishnapatnam is set to receive the highest volume of 0.76 mn t of thermal coal between 1-8 Jun’21, with the fuel coming from South Africa, Indonesia, and Australia.
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