The high imported coking coal prices did not deter Indian buyers from booking in good volumes. About 1.22 million tonnes (mnt) of the fuel are expected to arrive at Indian ports between 28 May-28 June, CoalMint learnt.
Coking coal volumes arriving by 28 June
Quantity in m nt
Coking coal
The highest quantity of coking coal will arrive from Australia, with Tata Steel and Steel Authority of India (SAIL) bringing in most highest volumes. In case of the US, SAIL will bring in the maximum quantity of 0.31 mnt.
Dhamra Port is to receive more than half of the expected quantity.
PCI
The entire total quantity of 0.11 mnt of pulverised coal injection (PCI) will come in from Russia. AMNS, Kalyani Steel and Bhushan Power & Steel are the importers of the PCI coal.
Met coke
About 54,600 t of met coke will arrive at Indian ports during the said period, with 35,000 t from Australia — imported by AMNS, and 19,600 t from China — by JSW Steel.
Anthracite
About 0.20 mnt of anthracite coal will arrive entirely from Russia. The importers include JSW Steel, Bhushan Power & Steel and JSPL.
India’s coking coal at port stock
India’s coking coal stock at ports rose by 9% m-o-m to 4 mnt in the third week of May. The stock went up owing to increase in coking coal imports during 1-15 May, up 24% m-o-m, at 3.15 mnt, according to CoalMint data.
Outlook
Indian imports of coking coal are likely to see a downtrend in the coming months after the Indian government’s decision to impose duty on steel exports.
On the other hand, met coke imports may see a rise as the Chinese had offered this material quite cheap in the last two weeks of May.
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