CoalMint’s stock report reveals that thermal coal stock at three major southern ports, including Krishnapatnam, Mangalore, and Tuticorin have declined by 12% w-o-w to 1.99 million tonnes (mn t) during week 33 (8-12 Aug’21).
Inventory reduction of major importers and end-users, coupled with decline in vessel arrivals due to escalated thermal coal prices, have contributed to the fall in thermal coal stock at these ports when compared to the volumes seen at ports located in the eastern belt.
Thermal coal stock at Krishnapatnam Port fell by 18% w-o-w basis. Party-wise, stock of Adani Enterprise and JSW Steel have fallen 19% w-o-w to 0.87 mn t and 0.09 mn t, respectively.
Coal inventory at Mangalore Port fell by 1.2% w-o-w and that of Agarwal Coal and Balaji Malt declined to 0.04 mn t each, down 14% and 20% w-o-w, respectively.
The total thermal coal stock at major Indian ports recorded a decline of 2% w-o-w to 15.4 mn t over 8-12 Aug’21, CoalMint data showed.
Limited vessel arrival at southern ports
Owing to a 50% rise in South African RB2 (5,500 NAR) and Indonesian 4,200 GAR prices since Jan’21, there has been a considerable decline in vessels arrival at major Indian ports.
As per CoalMint vessel-line up data (as on 13 Aug’21), 0.39 mn t of thermal coal is berthed at Krishnapatnam Port with the majority of the vessels held with Adani Enterprise (0.21 mn t), followed by Penna Cements (0.09 mn t).
Thermal coal vessels berthed at Mangalore and Tuticorin ports stand at of 0.05 mn t and 0.21 mn t, respectively.
| Port | Week 32 | Week 33 | Difference (in %) |
| Ex-Gangavaram | 2.28 | 2.15 | -5.7 |
| Ex-Vizag | 1.49 | 1.41 | -5.3 |
| Ex-Krishnapatnam | 1.51 | 1.24 | -18.2 |
| Ex-Mundra | 1.73 | 2.11 | 21.9 |
| Ex-Haldia | 0.32 | 0.30 | -6.5 |
*Quantity in mn t
Thermal coal stock of Mohit Minerals rises by 14%
Amongst various traders and end-users, thermal coal stock of Mohit Minerals has recorded the highest increase of 14% w-o-w at 0.33 mn t, with the majority of the stock held at Magdalla Port (0.13 mn t) and Kandla Port (0.12 mn t).
However, thermal coal stock of Adani Enterprise remained the highest at 2.73 mn t, (down by 4% w-o-w) with the major portion of inventory held at Krishnapatnam (0.87 mn t), Gangavaram (0.85 mn t) and Navlakhi (0.45 mn t) ports.
Thermal coal inventory of end-users such as Essar Steel and Tata Steel recorded a rise of 0.82 mn t and 0.28 mn t, up 3% and 8% respectively.
Outlook
With lower number of vessels arriving at the ports amid escalated prices of imported coal, coupled with increase in demand especially from the sponge iron sector, thermal coal stocks at Indian ports are expected to fall further in the coming weeks.
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