Coal news and updates

Weekly stocks at key Indian ports drop 4% to 12.42 mil mt: Interocean

Coal stocks at 16 major Indian ports totaled 12.42 million mt as of September 18, down 4% week on week, according to Indian ship broker Interocean's latest data released Friday.

The stockpiles comprised 9.72 million mt of thermal coal, up 1.4% from 9.58 million mt the previous week, and 2.62 million mt of coking coal, down 19.3% over the same period from 3.25 million mt, the data showed.

The stocks for anthracite were up 23.1% to 16,000 mt from 13,000 mt, while petcoke stocks rose 31.2% to 137,000 mt from 104,400 mt in the previous week.

Paradip port on India's east coast had the highest coal stocks as of September 18 at 2.68 million mt, slipping by 5.9% compared to the previous week.

It also had the highest coking coal stocks at 1.12 million mt, down 9.4% from the previous week's 1.23 million mt.

Kandla port on India's west coast had the highest thermal coal stocks at 2.13 million mt, up 3.1% from 2.07 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