- Stocks at Paradip rise, Gangavaram sees mild hike
- South African coal prices move slightly higher w-o-w
India’s portside thermal coal inventories fell marginally by 0.6% w-o-w to 13.78 mnt in week 34 from 13.86 mnt in week 33, as weaker port arrivals offset gains at select western and eastern ports.
Port-wise trends
In the east, Paradip’s stocks rose 2.8% to 1.63 mnt from 1.59 mnt, while Gangavaram saw a mild increase of 1.5% to 0.30 mnt from 0.30 mnt. Vizag, however, recorded a sharp 8.9% decline to 1.28 mnt from 1.40 mnt, and Haldia slipped by 25.5% to 0.10 mnt from 0.13 mnt.
Among the southern ports, Mangalore’s inventories edged down 1.8% to 0.55 mnt from 0.56 mnt, while Tuticorin dropped 10.4% to 0.82 mnt from 0.91 mnt. Kakinada, on the other hand, surged 26.3% to 0.42 mnt from 0.33 mnt.
On the western coast, Mundra rose 21.9% to 1.03 mnt from 0.84 mnt, and Navlakhi gained 9% to 1.17 mnt from 1.07 mnt. Hazira remained largely steady at 2.22 mnt against 2.23 mnt, while Kandla fell 6.1% to 0.80 mnt from 0.86 mnt.
Company-wise movement
Adani Enterprise’s inventories inched up 0.4% to 3.20 mnt, while Agarwal Coal’s rose 5.1% to 1.27 mnt, reflecting selective restocking.
Market overview
South African coal prices in India moved slightly higher this week, with RB2 assessed at INR 8,300/t exw-Gangavaram, up INR 50/t, while RB3 increased INR 100/t to INR 7,200/t. Eastern port RB2 offers were heard at INR 8,300-8,350/t, but buyers stayed cautious as high levels restricted trades.
Portside Indonesian thermal coal prices in India stayed flat w-o-w in the week ending 22 Aug. BigMint assessed 5000 GAR at INR 7,150/t (Kandla) and INR 7,050/t (Vizag), while 4200 GAR held at INR 5,700/t and INR 5,600/t, respectively. The 3400 GAR grade at Navlakhi remained at INR 4,450/t.
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