India: Coal Inventory at Vizag Port rises sharply

Vizag port situated at East Coast of India has registered a sharp growth in Coal stock at the end of week 33 compared to preceding week. 

Total 2.4 MnT of Coal stock is laying at Vizag port, which included 73% Coking and 36% Non-coking Coal.

As per the consideration of SteelMint, 16 major Indian ports have stock of around 12.1 MnT, which comprises 24% (4.3 MnT) metallurgical Coal and 64% (7.8 MnT) of power grade Non-coking Coal. Total quantity at ports has increased by 15% regarding preceding week.

Almost 16,000 MT of Anthracite Coal stocked at Paradip port, which belongs to Balasore Alloys & IMFA.

Vizag port had the highest Coal stock of around 2.4 MnT. Stock quantities followed by Paradip port in terms of volume & stockpile 2.1 MnT, which slightly declined compared to previous week. However, Krishnapatnam & Gangavaram port had stock of around 1.7 MnT & 1.6 MnT respectively.

SAIL, Adani and JSW Steel have the highest quantity of Coal stock i.e. about 2.1 MnT, 1.3 MnT & 1.1 MnT respectively. Total stock quantity of SAIL is at Vizag, Haldia & Paradip port, while RINL has stock of around 0.45 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.