India: Coal Inventory piles up on Ports during Week 18

Coal inventory at key Indian ports has mounted to 17.4 MnT owing to Coal restocking by Indian buyers before monsoon. 

The key Indian ports hold 17.4 MnT of Coking, Non-coking & Anthracite stock at the end of week 18. This shows a growth of 6.2% in stock as compared to previous week.

India’s major ports have current stock level of about 3.4 MnT Steel grade Coking coal i.e. 3.7% higher against previous week. Non-coking coal inventory has increased to about 13.9 MnT i.e.by 7.2% as compared to previous week. About 36,000 MT Anthracite coal is stocked at Paradip & Haldia ports respectively.

Quantity in MnT

One market participant mentioned, “Currently, Indian buyers are very active in imports, Coal shipments have also risen to Indian ports owing to upcoming monsoon as buyers are restocking before the beginning of monsoon.”

Also, Magdalla Port’s stock quantity increased to 1.2 MnT, which holds on an average about 0.25 MnT of Coal stock per week. Magdalla Port is highly affected by bad weather and is closed during the monsoons between 20 May’15-15 Sep’15. Current stock level has increased as import activity will be stopped at the port for three Consecutive months.

Major Coal Stock Holders

Among the giants, Adani holds the highest stock i.e. about 1.6 MnT followed by SAIL with 1.2 MnT & Agarwal Coal holding about 1.1 MnT. Interestingly, Mohit Minerals has stocked about 0.66MnT Coal at Kandla & Magdalla Port.

Ports having Highest Stock

Paradip Port has the highest Coal stock of around 3.7 MnT, followed by Vizag & Kandla Port holding stockpile of 2.7MnT and 2.8 MnT respectively. While, Gangavaram port has stocked about 2.2 MnT at the end of week 18.

The key ports are Dahej, Mormugao, New Mangalore, Hazira, Kandla, Bhavnagar, Tuticorin, Magdalla, Pipavav, Muldwarka, Gangavaram, Haldia, Krishnapatnam, Kakinada, Paradip and Vizag.