Coal news and updates

Imported coal stock at eight ports drops 20% w-o-w

India Coal Market Watch

November 23: India’s imported coal stocks at 8 ports were down 19.72% on a week-on-week basis to 7.11 million tons (mt) on November 20, 2015 from 8.85 mt recorded on November 13, according to provisional data available with ICMW.

 The compiled ports were Mumbai, New Mangalore, Haldia, Marmagoa, Paradip, Vizag, Krishnapatnam and Pipavav.

 Paradip Port had maximum stocks out of eight ports at 2.07 mt as on the third week of November, up 0.53% from last week’s coal stocks of 2.06 mt. Krishnapatnam Port held second position in terms of coal stocks. It stood at 2.02 mt in November 20, down 0.93% from 2.04 mt in November 13.

 Coal stocks at Pipavav Port as on November 20, stood at 0.17 mt, down 91.52% from 2.06 mt as on November 13. This was the maximum week-on-week decrease out of all ports compiled.

 Second biggest decrease were reported by Marmagoa Port. It came down 14.69% to 0.18 mt from 0.21 mt. Mumbai Port’s coal stock also reported an 11.49% drop to 0.07 mt in the current week from 0.08 mt in the last week. The coal stocks for other ports also remained flat.

 The following table gives the port-wise break up of imported coal stocks at various ports: