Coal news and updates

Aug coking coal imports via Paradip spurt 89% m-o-m

September 17: Imports of coking coal through the port of Paradip spurted by 89.07% to 2,187,101 tons in August 2014 against a volume of 1,156,755 tons in July, according to provisional data available with ICMW.

Imports of coking coal in August 2013 stood much lower at 767,992 tons.

Total imports of coking coal via the port during the first five months of the current financial year (2014-15) stood at 4,652,633 tons from 2,336,456 tons imported through the port during the same period of 2013-14.

Total coking coal imports for the last fiscal of 2013-14 stood at 5,954,933 tons.

Following are the details of coking coal imports via Paradip in 2013-14 and 2014-15:

In August, imports comprised 1,488,497 tons from Australia in a price band of Rs 2,494 – Rs 10,139 ($41-164) per ton, 619,533 tons came in from Canada in a band of Rs 1,008 – Rs 8,031 ($16-132) per ton, 29,746 tons arrived from Mozambique at a unit price of Rs 6,120 ($99), 5,580 tons from New Zealand at a unit price of Rs 7,923 ($131), 3,802 tons from South Africa at a unit price of Rs 6,739 ($111) and 39,943 tons from the US at a unit price of Rs 8,545 ($138).

In July, 1,135,144 tons arrived from Australia in a price band of Rs 3,794-Rs 9,080 ($63-150) per ton while the balance 21,611 tons came in from New Zealand in a band of Rs 7,586 – Rs 7,845 ($126-131) per ton.