Coal news and updates

Weekly coal stocks at key Indian ports fall 0.8% to 12.5 mt: Interocean

Coal stocks at 16 major Indian ports totaled 12.5 million mt as of September 4, sliding 0.8% week on week, according to Indian shipbroker Interocean's data released Friday.

The stockpiles comprised 10.03 million mt of thermal coal, down 2.1% from 10.25 million mt the previous week, and 2.34 million mt of coking coal, up 0.5% over the same period from 2.33 million mt, the data showed.

The stocks for anthracite were unchanged at 13,000 mt, while petcoke stocks stood at 111,160. There were no petcoke stocks the previous week.

Paradip port on India's east coast had the highest coal stocks as of September 4 at 2.72 million mt, but this number is down 5.9% compared to the previous week. It also had the highest coking coal stocks at 1.08 million mt, up 4.4%.

Kandla port on India's west coast had the highest thermal coal stocks at 2.33 million mt, up 1.8% from 2.29 million mt the previous week, according to Interocean.

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