- Vizag, Navlakhi record strong w-o-w gains
- Stocks at Paradip, Gangavaram fall w-o-w
India’s portside thermal coal stocks rose 1.2% w-o-w to 13.86 million tonnes (mnt) in Week 33, from 13.70 mnt in Week 32. The rise was supported by fresh arrivals at western and southern ports, even as a few eastern ports logged declines.
Port-wise trends
Among eastern ports, Paradip’s stocks dropped 8.8% w-o-w to 1.59 mnt from 1.74 mnt, while inventories at Dhamra eased by 1.3% to 0.99 mnt from 1.01 mnt. Vizag posted a 9% gain to 1.40 mnt from 1.29 mnt, while Haldia slipped by 18.6% to 0.13 mnt from 0.16 mnt.
Among southern ports, Mangalore’s inventories fell by 15% w-o-w to 0.56 mnt from 0.66 mnt, whereas Tuticorin remained stable at 0.91 mnt versus 0.92 mnt, down by a marginal 0.7%. Gangavaram recorded a sharp 20.3% decline to 0.30 mnt from 0.37 mnt.
On the western coast, Mundra surged 66.5% w-o-w to 0.84 mnt from 0.51 mnt, while stocks at Hazira edged up by 2% to 2.23 mnt from 2.19 mnt. Navlakhi also gained by 15.1%to 1.07 mnt from 0.93 mnt. In contrast, Kandla dipped 3.3% to 0.86 mnt from 0.88 mnt.
Company-wise movement
Adani Enterprise’s inventories rose 4.6% w-o-w to 3.19 mnt, while Agarwal Coal’s increased 13.8% to 1.20 mnt, indicating improved restocking strategies.
Market overview
South African RB2 thermal coal offers rose by INR 150/tonne (t) w-o-w to INR 8,250/t exw-Gangavaram, and RB3 increased by INR 100/t to INR 7,100/t. Offers reflected September delivery sentiment, as August cargoes were mostly booked.
Prices of key Indonesian thermal coal grades remained unchanged at leading Indian ports. The 5000 GAR grade was assessed at INR 7,150/tonne (t) at Kandla and INR 7,050/t at Vizag, while the 4200 GAR grade held steady at INR 5,700/t and INR 5,600/t, respectively. The 3400 GAR grade at Navlakhi Port was assessed stable w-o-w at INR 4,450/t, supported by localised supply constraints despite overall market stability.
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