- Cyclone disruptions impact east coast ports
- West coast sees muted restocking activity
India’s portside thermal coal inventories dropped 2.6% w-o-w to 12.98 million tonnes (mnt) in Week 44 (ending 2 November 2025) from 13.33 mnt in Week 43. The fall was led by slower vessel arrivals and reduced offtake across the eastern coast due to the cyclone impact last week, while weak restocking limited recovery in the west.
East coast performance
Cyclone-induced disruptions curbed discharge activity at several eastern ports. Dhamra’s stocks fell 8% w-o-w to 1.39 mnt, Paradip slipped nearly 3% to 1.34 mnt, and Haldia declined 14% to 0.17 mnt. Vizag also dropped 6% to 1.01 mnt, while Gangavaram rose 17% to 0.21 mnt as vessel handling resumed. Krishnapatnam saw a multifold hike to 0.20 mnt from 0.04 mnt after new shipments arrived. Tuticorin gained 18% to 0.87 mnt, and Karaikal increased 6% to 0.34 mnt on steady inflows.
West coast trends
West coast ports largely witnessed declines as traders deferred restocking amid weak industrial offtake. Mundra’s inventories dropped 18% w-o-w to 0.84 mnt, Kandla fell 10% to 0.71 mnt, and Magdalla declined 8% to 0.49 mnt. Navlakhi slipped 8% to 1.07 mnt, while Jamnagar fell 11% to 0.13 mnt. However, Dahej and Hazira saw slight gains of around 2% each to 1.03 mnt and 2.03 mnt, respectively.
Company-wise movement
Adani Enterprises’ stocks fell slightly by 1.3% to 3.44 mnt from 3.48 mnt. Agarwal Coal saw a sharper decline of 5.5% to 1.18 mnt from 1.25 mnt, indicating slower restocking post-Diwali.
Market overview
South African coal demand in India remained subdued this week as cyclone disruptions and slow post-festive activity limited trade. RB2 and RB3 held steady at INR 8,200/t and INR 7,100/t, respectively, across Paradip, Vizag, and Gangavaram.
Indian portside Indonesian thermal coal prices held steady this week as muted industrial demand and high inventories curbed buying. BigMint assessed 5000 GAR at INR 7,100/t at Kandla and INR 7,000/t at Vizag, while 4200 GAR stood at INR 5,800/t and INR 5,700/t, respectively. Traders deferred new bookings amid low post-festive activity, keeping overall market sentiment subdued.
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