Coal inventory at key Indian ports has been mounted from few consecutive weeks and currently holds about 15.3 MnT on week 53.
At the end of week 53, coal stock at various ports has build up to 15.3 MnT and registered a growth of 5% compared to previous week. Major Indian ports hold about 2.9 MnT of Coking, 12.4 MnT Non-coking and 0.02 MnT Anthracite & Pet Coke collectively by the end of week.
SteelMint analyzed that India persistently increasing coal imports from the beginning of FY15. In Nov’14, the country’s import was at its peak level and registered 22.3 MnT. Interestingly, imports in Dec’14, has remained around the same levels i.e. around 22 MnT.
| Grade |
Qty (MnT) |
| Non-coking Coal | 12.44 |
| Coking Coal | 2.88 |
| Pet Coke | 0.01 |
| Anthracite | 0.01 |
| Grand Total | 15.3 |
A Mumbai based trader mentioned, “This consistent build in the inventory over last few weeks may lead to cut stock & sale prices at Indian ports. Currently, Australian 5500 NAR coal is offered at USD 63-64/MT CFR India, market is trending lower as forward prices are low compared to current offers.”
Currently, Indonesian 4200 GAR is offered at USD 47-48/MT (35.8 FOB) at West coast of India. South African Rb-2 (5500 NAR) is offered at USD 66-67/MT CFR India.
Major Coal Stock Holders
Among the giants, Adani holds the highest stock i.e. about 1.3 MnT followed by SAIL with 0.95 MnT and RINL holding about 0.45 MnT. Interestingly, Mohit Minerals has stocked about 0.95 MnT coal at Kandla & Magdalla Port.
The key ports are Dahej, Mormugao, New Mangalore, Hazira, Kandla, Bhavnagar, Tuticorin, Magdalla, Pipavav, Muldwarka, Gangavaram, Haldia, Krishnapatnam, Kakinada, Paradip and Vizag.
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