Coal news and updates

Coal stocks at key Indian ports stable on week at 16.62 mil mt: Interocean

Coal stocks at 16 major Indian ports totaled 16.62 million mt as of May 22, up 0.2% week on week, according to Indian ship broker Interocean's latest data released Friday, May 22.

The stockpiles comprised 13.16 million mt of thermal coal, up 1.3% from 12.99 million mt the previous week, and 3.45 million mt of coking coal, down 3.3% over the same period from 3.56 million mt, the data showed.

The stocks for anthracite remained unchanged week on week at 22,000 mt, while there were no petcoke stocks last week, the data showed.

Paradip port on India's east coast had the highest coal stocks as of May 22 at 3.36 million mt, up 1.3% from 3.31 million mt the previous week according to Interocean.

It also had the highest level of coking coal stocks, at 1.45 million mt, up 7.8% over the week from 1.34 million mt.

Kandla port on India's west coast had the highest level of thermal coal stocks at 3.11 million mt, up 15.3% from 2.7 million mt the previous 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