- Dhamra, Gangavaram, Kakinada log steep drops
- Portside South African coal offers remain firm
India’s portside thermal coal stocks dropped 4% w-o-w to 13.70 million tonnes (mnt) in Week 32, from 14.27 mnt in the previous week. The decline was driven by reduced vessel discharge at key eastern and western ports, while some southern and eastern ports saw moderate gains on improved handling.
Port-wise trends
Haldia’s stocks rose sharply by 38.6% to 0.16 mnt in Week 32 from 0.12 mnt in Week 31. Mangalore also gained 6.7%, to 0.66 mnt from 0.62 mnt, while Kandla climbed up by 15.6% to 0.88 mnt from 0.77 mnt. In contrast, Gangavaram saw a steep 20.7% drop to 0.37 mnt from 0.47 mnt, and Vizag eased 2.5% to 1.29 mnt from 1.32 mnt.
Paradip remained largely steady at 1.74 mnt, down just 0.3% from 1.75 mnt. Significant declines were also noted at Dhamra, which was down 10% to 1.01 mnt from 1.12 mnt, Kakinada, which was down 25.7% to 0.29 mnt from 0.39 mnt, and Mundra, which was down 20.9% to 0.51 mnt from 0.64 mnt, reflecting slower arrivals at these ports.
Company-wise movement
Adani Enterprise’s inventory increased 2.7% w-o-w to 3.05 mnt, while Agarwal Coal’s holdings slipped 4.3% to 1.06 mnt, indicating varied stock management strategies amid demand caution.
Market overview
South African RB2 thermal coal offers held firm w-o-w at INR 8,100/t exw-Gangavaram, while RB3 eased INR 50/t to INR 7,000/t. Offers reflected September delivery sentiment, as August cargoes were mostly booked. Around 5,000 t of RB3 were traded at INR 7,200/t from Mangalore and 8,000 t at INR 7,000/t exw-Paradip.
India’s portside market for Indonesian thermal coal stayed broadly stable w-o-w as of 8 August 2025. BigMint assessed 5000 GAR at INR 7,150/t at Kandla and INR 7,050/t at Vizag, while 4200 GAR remained at INR 5,700/t and INR 5,600/t, respectively. Only 3400 GAR at Navlakhi rose by INR 50/t to INR 4,450/t on tight supply. Indonesian freights eased, but power plant stocks fell to 52.96 mnt, keeping sentiments mixed.
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