Coal news and updates

Coal stocks at key Indian ports fall 7% on week to 13.36 million mt

Coal stocks at 16 major Indian ports fell 6.5% week on week to 13.36 million mt as of July 24, according data released Friday by Indian ship broker Interocean.

Stocks of thermal coal were down 7% week on week at 10.83 million mt, and stocks of coking coal were down 4.1% at 2.51 million mt.

Anthracite coal stocks rose 2.9% week on week to 25,000 mt.

No petcoke stocks were recorded this week.

Paradip port on India's east coast had the highest total coal stocks on July 24 with 2.81 million mt, down 1.7% week on week.

It also had the highest coking coal stocks at 1.16 million mt, down 4.2%.

Kandla port on India's west coast had the highest thermal coal stocks as of July 24 at 2.55 million mt, down 12.9% week on week.

The 16 ports surveyed by Interocean were Mangalore, Tuticorin, Kakinada, Paradip, Kandla, Gangavaram, Visakhapatnam, Krishnapatnam, Muldwarka, Bhavnagar, Pipavav, Goa, Haldia, Magdalla, Hazira and Dahej.

source: http://www.platts.com