Coal news and updates

Chennai Port Nov coking coal imports double m-o-m

Coking coal imports through the port of Chennai rose more than 100% (albeit on a very low base) month-on-month to 76 tons in November 2015 against a mere 38 tons in October, as per provisional information available with ICMW, albeit on a low base.

In November 2015, all consignments arrived from the UK at price range of Rs 29,908 – Rs 30,189 ($458-453) per ton.

In October 2015, 38 tons arrived from the UK at a unit price of Rs 29,614 ($448) per ton while 0.4 tons arrived from Australia at Rs 4,884 ($75)/ton.

It may be noted that coal handling at Chennai Port has been suspended since October 2012 following a ban imposed by the Madras High Court on handling of dirty cargo of coal and iron ore at the port with effect from October 1, 2011. The court order came following the hearing of a public interest litigation (PIL). However, old stocks are getting cleared.

Following are details of coking coal imports through Chennai Port in November 2015: