Coal stocks at key Indian ports fall 1 pct

Coal

Coal stocks at 17 major Indian ports totaled 12.32 million mt as of March 3, down 1% week on week, data released by Indian shipbroker Interocean showed.

The stockpile comprised 10.12 million mt of thermal coal, up 1.7% from 9.95 million mt the previous week; and 2.08 million mt of coking coal, down 9.3% over the same period from 2.29 million mt, the data showed.

There were no stocks of anthracite last week while petcoke plunged 30.6% to 125,000 mt from 180,000 mt during the same period.

Paradip on India’s east coast had the highest coal stocks at 2.44 million mt, up 3.3% from the previous week’s 2.36 million mt.

It also had the highest inventory of steam coal at 1.53 million mt, up 6.5% week on week and the highest stocks of coking coal at 907,000 mt, up 1.1% from around 897,000 mt the previous week.

The 17 ports surveyed by Interocean were Mangalore, Tuticorin, Kakinada, Paradip, Kandla, Gangavaram, Visakhapatnam, Krishnapatnam, Muldwarka, Bhavnagar, Pipavav, Goa, Haldia, Magdalla, Dahej, Mumbai and Karaikal.
Source: Platts

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