Coal news and updates

Weekly coal stocks at key Indian ports fall 3.8% on week to 12.6 million mt: Interocean

Coal stocks at 16 major Indian ports totaled 12.6 million mt as of August 28, sliding 3.8% week on week, according to Indian shipbroker Interocean's data released Friday.

The stockpiles comprised 10.25 million mt of thermal coal, down 4% from 10.6 million mt the previous week, and 2.33 million mt of coking coal, down 2.8% over the same period from 2.4 million mt, the data showed.

Stocks for anthracite fell 7.1% to 13,000 mt from 14,000 mt.

Paradip port on India's east coast had the highest coal stocks as of August 28 at 2.89 million mt, but was down 4.9% compared with the previous week.

It also had the highest coking coal stocks at 1.03 million mt, lower by 9.5% than the previous week's 1.14 million mt.

Kandla port on India's west coast had the highest thermal coal stocks at 2.29 million mt, down 2% from 2.34 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