Coal news and updates

Coal stocks at key Indian ports drop 4.1% on week to 11.52 million mt: Interocean

Coal stocks at 17 major Indian ports totaled 11.52 million mt as of November 20, down 4.1% week on week, according to data released Friday by Indian ship broker Interocean.

The stockpiles included 9.51 million mt of thermal coal, down 4.5% week on week, and 1.94 million mt of coking coal, down 2.2%.

Anthracite stocks fell 16.7% week on week to 5,000 mt, while petcoke stocks remained unchanged at 65,000 mt.

Paradip port on India's east coast had the highest coal stocks as of November 20 at 2.02 million mt, up 3.7% week on week. It also had the highest coking coal stocks at 779,000 mt, up 4.4%, according to Interocean.

Kandla port on India's west coast had the highest thermal coal stocks as of November 20 at 1.87 million mt, down 10.6% week on week.

The 17 ports surveyed by Interocean were Mangalore, Tuticorin, Kakinada, Paradip, Kandla, Gangavaram, Visakhapatnam, Krishnapatnam, Muldwarka, Bhavnagar, Pipavav, Goa, Haldia, Magdalla, Dahej, Mumbai and Karaikal.

source: http://www.platts.com