India: Weekly Coal Inventory at Ports decline

Total Coal stock that includes Coking, Non-coking & Anthracite at major Indian ports stood at 10.8 MnT. this shows a slight downfall at the end of week 29, regarding previous week.

As per the consideration of SteelMint, 16 major Indian ports have stock of around 1.7 MnT of metallurgical Coal and 8.9 MnT of power grade Non-coking Coal. Quantity at ports has declined by 5 % and 4.2% for Coking & Non-coking respectively, regarding previous week.

Almost 2,000 MT of Anthracite Coal stocked at Paradip port, which belongs to Balasore Alloys & IMFA.

East Coast based Krishnapatnam port had the highest Coal stock of around 2.5 MnT. Stock quantities followed by Paradip port in terms of volume & stockpile 1.8 MnT, which increased by 3.7% compared to previous week. However, Gangavaram & Kandla port had stock of around 1.7 MnT & 0.89 MnT respectively. Stock position at Vizag port has increased by 23.5% from previous week and reached at around 0.6 MnT.

Adani, JSW Steel & MGB Commodities have the highest quantity of Coal stock i.e. about 1.6 MnT, 1.5 MnT & 0.8 MnT respectively. Total stock quantity of JSW is at Krishnapatnam, Goa & Mangalore port, while RINL has stock of around 0.43 MnT at Gangavaram port.

The ports considered are: Dahej, Mormugao, New Mangalore, Hazira, Kandla, Bhavnagar, Tuticorin, Magdalla, Pipavav, Muldwarka, Gangavaram, Haldia, Krishnapatnam, Kakinada, Paradip & Vizag.