According to the vessel line-up data compiled by CoalMint Research, Indian non-coking coal imports have decreased 6% on the month to 14.15 MnT in Jul’18 compared with 15.01 MnT in Jun’18.
Imports were down for the second-successive month, as Indian coal buying was constrained by coal already stocked for the monsoon period while a fall in power demand had also lowered the country’s coal sourcing from its major coal exporter-Indonesia, in Jul’18. On the other hand, import from South Africa, US and Australia had witnessed growth on the monthly basis.
On the yearly basis, imports had increased 3% from 13.77 MnT in Jul’17.
Domestic logistical bottlenecks due to a shortage of rakes, and surging power demand have fuelled higher non-coking imports, which are expected to stay firm through the rest of the year.
During the first 7 months of CY18 (Jan’18-Jul’18), Indian non-coking coal imports have reached 98.29 MnT, up 18% from the 83 MnT coal imported over the same period in 2017.
Major Coal Exporters:
Indonesia accounted for over half of the total supplies, however export from the country had fallen to a 5-month low in Jul’18. Indonesian coal exports were marked 7.27 MnT in Jul’18, down 21% M-o-M from 9.16 MnT in Jun’18, which was also 18% lower on the year compared with 8.82 MnT in Jul’17.
South African coal export to India had increased 14% over the month to 3.42 MnT in Jul’18, which was almost firm on the year-on-year basis from 3.44 MnT in Jul’17.
US was the third-largest coal exporter in Jul’18. The country had recorded a growth of 54% in monthly exports to 1.45 MnT, which was 204% higher on the year from 0.48 MnT in Jul’17.
Source: CoalMint Research | Quantity in MnT
Major Coal Receivers:
Adani Enterprises, India’s largest coal trader, accounted for over 15% of the monthly imports. The company along with Adani Power had imported total coal quantity of 3.26 MnT in Jul’18.
Agarwal Coal, Swiss Singapore, JSW Steel were among the major coal receivers in Jul’18.
Mundra port received 2.61 MnT non-coking coal shipments in Jul’18, and accounted for about 18% of total monthly imports. Krishnapatnam took 14%, while Gangavaram handled about 8% of all imports.
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