Thermal coal stocks at major Indian ports fell by 7.7% to 14.1 million tonnes (mn t) during week 24 of CY’21 (6-10 Jun’21) as against 15.2 mn t in the previous week, CoalMint’s stock report reveals.
Adani Power’s inventory continue to decline
Although thermal coal stocks of Adani Power continued to remain higher than others, these fell for the second week consecutively. The fall recorded was of 26% w-o-w to 2.18 mn t. Majority of its stocks are at Mundra (1.2 mn t), Hazira (0.70 mn t), and Dahej (0.31 mn t) ports.
Thermal coal stocks held with Adani Enterprise fell by 8% week-on-week (w-o-w) to 1.6 mn t in week 24 amid increased portside sales by the importer and no new vessel arrival at the port. The company held majority stocks at Krishnapatnam Port (0.56 mn t) and Gangavaram Port (0.30 mn t).
Following Adani Enterprise was Agarwal Coal which had a combined stock of about 0.72 mn t at Navlakhi, Magdalla, Kandla, Mangalore, Tuticorin, and Paradip ports.
Thermal coal stocks with Swiss Singapore fell to 0.15 mn t, while stocks with Mohit Minerals stood at 0.17 mn t in week 24 as against 0.32 mn t in the previous week.
Inventory at Gangavaram port rises
Total thermal coal stocks at Gangavaram Port rose 17% w-o-w to 2.6 mn t in week 24, mainly due to rise in inventory of Indian Coke and Power and BSP, while, at Vizag Port, the same increased by 7% w-o-w to 1.21 mn t.
Stocks at Haldia port, however, increased by 11% w-o-w to 0.46 mn t thanks to the inventory of Tata Steel, Electrosteel and Rungta Mines while Paradip Port’s inventory rose 50% w-o-w to 0.80 mn t with majority stock belonging to SM Niryat, followed by Tata Steel and Adani Enterprise.
At Mangalore Port, the same fell to 0.35 mn t in week 24 as against 0.52 mn t in the previous week mainly due to decrease in stocks of JSW Steel’s.
CoalMint’s vessel line-up reveals, Krishnapatnam is set to receive the highest volume of 1.78 mn t of thermal coal between 5-23 Jun’21, with the fossil fuel arriving from South Africa, Indonesia, and Australia.
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