Amid strong demand for imported thermal coal in the country, coal stocks at Mundra Port have risen sharply by 34%, week-on-week, (w-o-w) to 1.11 mn t, CoalMint data reveals.
The sharp rise came with the 200%, w-o-w, rise in coal stocks of Adani Power to 0.18 mn t, followed by 26% rise in thermal coal stocks of Adani Enterprise to 0.56 mn t.
Paradip Port has recorded the second-highest rise in thermal coal stocks of 15%, w-o-w, to 0.28 mn t.
The rise in thermal coal stocks at Paradip port is mainly due to the rise in coal stocks of Arcelor Mittal to 0.10 mn t, followed by Visa Minmetal and Rungta Mines to 0.07 mn t and 0.05 mn t, respectively.
The sharp rise in global thermal coal prices had resulted in lower vessel arrivals at several Indian ports since the past few months, with reduced portside trading activity. However, with acute domestic coal shortage that struck the Indian market in Sept, demand for imported coal has risen sharply and buyers bought in their vessels despite elevated imported coal prices.
| Port | Week 42 | Week 43 | % Change |
| Gangavaram | 1.6 | 1.58 | -1 |
| Kandla | 1.81 | 1.81 | – |
| Vizag | 1.45 | 1.51 | +4 |
| Mundra | 0.83 | 1.11 | +34 |
| Paradip | 0.25 | 0.28 | +12 |
*Quantity in mn t
Total thermal coal stocks at Indian ports has risen by 3%, w-o-w, to 12.9 mn t in the fourth week of Oct.
Company-wise thermal coal stocks at ports
| Party name | Week 42 | Week 43 | % Change |
| Adani Enterprise | 2 | 2.24 | +12 |
| Adani Power | 1.42 | 1.46 | +3 |
| Essar Steel | 0.61 | 0.69 | +13 |
| Agarwal Coal | 0.8 | 0.81 | +1 |
| Tata Steel | 0.43 | 0.38 | -12 |
*Quantity in mn t
Thermal coal stocks of Adani Enterprise are at Dhamra, Goa, Gangavaram, Krishnapatnam, Mundra, Navlakhi, Paradip, and Tuticorin, while Adani Power’s stocks are at Dahej, Hazira, and Mundra ports.
Leave a Reply