Coal news and updates

Imported coal stocks fall at Paradip port

September 30: The total stocks of coking and steam coal at Paradip port on the eastern coast of India, as reported by the parties, decreased on September 29 compared to the level recorded on August 31, a port official said.

The stocks of imported coal at the port fell to 1.529 million tons (mt) as on September 29 from 1.997 mt as on August 31.

The stocks of imported coal at the port had been falling gradually from the beginning of August as a lesser number of consignments came in since traders had reduced their purchases due to a sharp depreciation in the Indian rupee versus the US dollar from the middle of June this year.

The stocks of imported coal at the port, which stood at 2.21 mt on July 15, fell to 2.10 mt on August 15, to 1.997 mt on August 31 and to 1.762 mt on September 14. The same fell further to 1.618 mt on September 21.

This means there was a total decline of 0.68 mt in stocks of imported coal at the port between July 15 and September 29.

Of the total stocks lying at the port as on September 29, 0.969 tons were steam coal and 0.560 tons were coking coal. On September 21, the port had stocks of 1.006 tons of steam coal and 0.612 tons of coking coal whereas on August 31, the steam coal stocks were at 1.277 mt and coking coal at 0.720 mt.

Out of the total steam coal lying at the port on September 29, Adani had stocks of 25,000 tons, Bhatia had 95,000 tons and JSPL, 65,000 tons.

Out of the total stocks of coking coal as on September 29, SAIL had 97,000 tons, Tata Steel 68,000 tons and Visa had 9,000 tons whereas on September 21, SAIL had 104,000 tons, Tata Steel 75,000 tons and Visa had 23,000 tons.