A total volume of 2.5 mnt of imported coal is set to arrive at Indian ports between 21 September-18 October, 2022, shows data compiled by CoalMint.
Out of the total quantity, thermal coal volumes are the highest at 57% as shipments from Indonesia, Australia, and Russia form the three top spots.
Coking coal volumes take up 39% of the total quantity arriving, with shipments originating from Australia, Russia, Canada, and the US.
The volumes for met coke and pet coke, however, remain lower at 65,000 t and 31,890 t respectively for Arcelormittal Nippon Steel India (AM/NS India) and Sanvira Industries.
Thermal coal
As per CoalMint’s vessel line-up data, thermal coal shipments from Indonesia are set to take the highest share as post-monsoon procurement activity at the western ports has picked up pace and several ports that were closed for rainfall have reopened.
Mohit Minerals is set to bring in the highest stock of 0.13 mnt, followed by Turnrest Resources and JSW Energy at 0.08 mnt each.
Adani Enterprise and Agarwal Coal are set to bring Australian shipments to the tune of 0.3 mnt amid its rising low-CV demand in the Indian DRI market.
In Russian coal, Shyam Group, Swiss Singapore, and Rawmet Commodity are the importers, getting in 0.19 mnt of thermal coal.
Tata International and Rungta Mines are set to bring in 60,500 t and 79,269 t of South African coal respectively.
Ultratech Cement, on the other hand, is the sole importer of US coal. Owing to the EU’s strong demand for US coal, India’s imports from the US have declined considerably in the past few months as its biggest buyers such as the cement sector and brick kiln makers have shifted to using Russian supplies.
Coking coal
Australian coking coal supplies continue to remain high as a total of 0.52 mnt are set to arrive at Indian ports till 18 October 2022. JSW Steel and Tata Steel are the biggest buyers of this material at 0.17 mnt and 0.16 mnt, respectively.
JSW Steel is also set to bring in 0.24 mnt of Russian coking coal and 0.11 mnt of Canadian coking coal in the coming weeks.
SAIL, on the other hand, is seen getting 0.11 mnt of US coking coal.
Short-term outlook
In the coming weeks, shipments from Indonesia are seen gaining strength as manufacturing units open up in several parts of India. South African shipments are seen remaining under pressure owing to their rising demand in the European countries, while wet weather conditions may weigh on Australian shipments. Russian coal shipments to India may remain in a tight range amid emerging supply constraints in that country.
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