- Stocks rise at Paradip, Magdalla, Dhamra
- South African coal tags hold steady at ports
Thermal coal inventories at Indian ports remained largely stable w-o-w, edging up by 0.3% to 12.37 million tonnes (mnt) in week 16 of CY’25, from 12.33 mnt in the previous week, as per BigMint data. The steady trend indicates balanced vessel discharge and inland offtake, with moderate changes at a few ports.
Key port inventory trends
Paradip’s inventory rose to 1.50 mnt this week from 1.34 mnt in the previous week, marking a 12.5% increase. Magdalla’s stocks also moved up to 1.97 mnt from 1.85 mnt, while Dhamra saw a rise to 0.90 mnt from 0.86 mnt.
On the other hand, Mangalore’s inventory dropped by 13.5% w-o-w to 0.73 mnt from 0.84 mnt. Gangavaram witnessed a minor 3.2% fall, though volumes were largely steady at 0.12 mnt. Haldia’s stocks rose to 0.40 mnt from 0.37 mnt, and Vizag remained unchanged at 0.66 mnt.
Company-wise inventory trends
Adani Enterprise’s portside stocks rose to 2.63 mnt this week from 2.47 mnt, up 6.5% w-o-w. Agarwal Coal also increased its inventory by 11.3% to 1.15 mnt from 1.03 mnt, suggesting steady replenishment activity by leading traders.
Market overview
Portside prices of South African thermal coal in India remained mostly stable w-o-w. RB2 (5500 NAR) offers were unchanged at INR 8,450/t ex-Gangavaram, while RB3 (4800 NAR) held at INR 7,200/t. At Paradip, RB2 slipped slightly to INR 8,350/t, and RB3 remained flat. In Vizag, RB2 stood at INR 8,300/t and RB3 at INR 7,150/t. Two RB2 deals, totalling 54,000 t, were heard at INR 8,400/t ex-Dhamra. Weak buying due to sluggish sponge iron demand weighed on prices. Export offers from South Africa moved up slightly with RB2 at $76.5/t FOB and RB3 at $63.5/t. Domestic coal rates remained steady, while sponge iron dropped by INR 400/t to INR 27,150/t exw-Rourkela.
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