The escalated thermal coal prices since the beginning of this year and the recent Russia-Ukraine crisis have adversely impacted thermal coal stocks at Indian ports.
According to data with CoalMint, thermal coal stock at ports in the second week of March fell by 31% against January’s second week’s stocks, to stand at 9.7 mnt.
Thermal coal stock at key ports
*Qty in mn t
From the above table it can be seen that although Vizag Port has the highest quantity of thermal coal stock, the decline in stock levels at Krishnapatnam and Kandla have been the highest.
At Krishnapatnam and Kandla ports, the maximum fall is observed in the stock levels of Adani Enterprise and Agarwal Coal.
Party-wise stock at Indian ports
*Quanity in mnt
How much coal is arriving at Indian ports?
Thermal coal prices across origins have increased by over 100% in the past three months, making imports costlier. A total of 4.9 mnt of thermal coal is set to arrive at Indian ports between 16 Mar’22-8 Apr’22, as per the vessel line-up data maintained with CoalMint.
*Quantity in mnt
Party-wise vessel arrival
*Quantity in mnt
Short-term outlook
Amid the persistent rise in global thermal coal prices, portside stocks of imported coal is seen lower. Even if the ongoing tension between Russia and Ukraine ease, constrained supply will likely keep port stocks under pressure. Indonesia has supply issues amid heavy rains. Australia is facing weather challenges related to La Nina, while South Africa is encountering weak logistics.
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