- East shows selective build-up, west coast trends also mixed
- Adani, Agarwal Coal record w-o-w declines of around 2%
India’s portside thermal coal inventories edged up marginally by 1.4% w-o-w to 12.83 million tonnes (mnt) in week 4 of 2026 (12-17 January 2026) from 12.65 mnt in week 3, as uneven evacuation patterns and selective arrivals shaped stock movements. While some ports witnessed replenishment, faster dispatches at others prevented a broader build-up, keeping overall inventories largely balanced.
East coast: mixed movement across key ports
On the east coast, Paradip stocks remained largely stable at 1.47 mnt, up marginally from 1.46 mnt, indicating balanced arrivals and evacuation. In contrast, Dhamra recorded a sharp rise of 16.2% w-o-w to 1.40 mnt from 1.21 mnt, driven by fresh arrivals and relatively slower evacuation during the week.
West coast: Mundra sees corrections, Kandla logs mild build-up
On the west coast, Mundra’s inventories declined by 7.8% w-o-w to 0.92 mnt from 0.99 mnt, reflecting stronger evacuation following earlier accumulation. Meanwhile, Kandla’s stocks increased modestly by 6.2% to 0.46 mnt, supported by selective inflows and comparatively slower dispatches.
Company-wise break-up
At the company level, Adani Enterprises’ portside inventories declined 2.5% w-o-w to 3.29 mnt, indicating higher evacuation activity. Agarwal Coal’s stocks also eased by 2.3% to 1.09 mnt, suggesting improved dispatch momentum across its operating ports.
Outlook
Portside inventories are expected to remain at around current levels next week. With evacuation patterns varying across regions and no aggressive restocking visible, stock movements are likely to stay driven by short-term logistics and demand-linked dispatches rather than fresh buying.
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