India: Coal Inventory at Ports raise by 4.5%

Total weekly Coal stock (Coking, Non-coking & Anthracite) at major Indian ports stood at 11 MnT with growth of 4.5% regarding previous week.

As per the consideration of SteelMint, 16 major Indian ports have stock of around 2 MnT of Steel grade Coal. Coking Coal stock at ports registered a slight growth against previous week. However, Non-coking Coal stock at ports has risen by 5.4% to around 9 MnT.

Nearly, 20,914 MT of Pet Coke stocked at Krishnapatnam port, imported by Ultratech Cement. 4,000 MT of Anthracite stock is kept at Paradip port belongs to Balasore Alloys & IMFA.

Krishnapatnam port situated on East Coast of India had the highest Coal stock of around 2.5 MnT, which holds the same quantity as previous week. Stock quantities followed by Gangavaram port in terms of volume & stockpile 1.7 MnT. Whereas, Paradip & New Mangalore port had stock of around 1.6 MnT & 0.97 MnT respectively. Stock position at Kandla port has increased by 26.9% from previous week and reached at around 0.68 MnT.

Adani, JSW Steel & MGB Commodities have the highest quantity of Coal stock i.e. about 1.9 MnT, 1 MnT & 0.8 MnT respectively. Total stock quantity of JSW is at Krishnapatnam, Goa & Mangalore port, while RINL has stock of around 0.48 MnT at Gangavaram port.

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