- Vizag, Paradip also record 5% decline
- Tuna, Goa, Kakinada log sharp gains
Portside thermal coal inventories in India declined by 5.3% w-o-w to 14.77 million tonnes (mnt) in Week 30 of 2025, compared with 15.60 mnt last week. The drop reflects lower vessel arrivals at major ports amid monsoon-induced logistical constraints.
Port-wise inventory movements
Among key eastern and southern ports, Vizag saw coal stocks fall by 0.07 mnt or 4.9% to 1.41 mnt in Week 30 from 1.48 mnt in the previous week, reflecting slower arrivals. Paradip registered a decline of 0.10 mnt or 5.4%, to 1.74 mnt from 1.84 mnt, amid subdued vessel discharge.
Mangalore recorded a slight dip of 0.02 mnt or 1.9%, with stocks at 0.71 mnt in Week 30 versus 0.73 mnt previously. Haldia posted a notable 29.1% w-o-w reduction in inventory to 0.11 mnt from 0.16 mnt, likely due to active dispatches. Meanwhile, Gangavaram saw a drop of 0.05 mnt or 7.7% w-o-w to 0.58 mnt in Week 30 from 0.63 mnt, amid moderate buyer activity.
Significant w-o-w declines were seen at Mundra (47.8%) and Dhamra (19.8%), due to limited discharge activity. In contrast, Tuna saw a 49.7% jump, while Goa and Kakinada recorded 100% and 14.1% gains, respectively, indicating active discharge and improved vessel turnarounds.
Company-wise trend
Adani Enterprise’s port stocks dropped 4.8% w-o-w to 2.92 mnt, while Agarwal Coal saw a marginal 1.4% rise to 1.16 mnt, reflecting varied inventory strategies across traders.
Market overview
South African portside thermal coal offers in India rose by INR 150/tonne (t) w-o-w last week, with RB2 (5500 NAR) assessed at INR 7,800/t and RB3 (4800 NAR) at INR 6,800/t exw-Gangavaram. The increase stemmed from extended maintenance at the Richards Bay Coal Terminal (RBCT) and key rail link outages. The rise was supported by a surge in sponge iron demand, with P-DRI prices jumping INR 1,700-1,800/t w-o-w. Meanwhile, C-DRI prices ex-Rourkela were up INR 1,200/t w-o-w to INR 26,000/t.
Indonesian portside coal prices in India were largely steady w-o-w. 5000 GAR held 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 saw a minor INR 50/t w-o-w uptick. Despite weak industrial demand and monsoon-driven delays, trading sentiment remained firm.
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