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India’s coal imports rose 10% to 156 MT during April-November: Report

India’s coal imports rose 9.7 percent to 156.08 million tonne (MT) in the April-November period of the ongoing fiscal, as against 142.25 MT in the year-ago period, according to a report by mjunction services.

Coal imports in November increased 10.1 percent to 19.47 MT, over 17.68 MT in the same period a year ago.

mjunction — a joint venture between Tata Steel and SAIL — is a B2B e-commerce company and also publishes research reports on coal and steel verticals.

“Imports during November 2018 stood at 19.47 MT (provisional)… Earlier, coal and coke imports in November 2017 stood at 17.68 MT,” it said. Of the total imports last month, import of non-coking coal was at 14.24 MT, against 15.23 MT imported in October 2018.

“The significant correction in thermal coal prices in November prompted buyers to take a wait and watch approach. There, however, was a stable trend in met coal market and this was reflected in the buying pattern,” mjunction CEO Vinaya Varma said.

The import of coking coal was at 3.93 MT in November 2018, almost flat against 3.94 MT imported a month ago.

“Metallurgical coke imports during the month were at 0.50 MT, while 0.53 MT was imported in the previous month,” it said.

India’s coal and coke import during November 2018 through 31 major and non-major ports is estimated to have decreased by 5.32 percent over October 2018, according to provisional figures compiled by mjunction, based on monitoring of vessels’ positions and data received from shipping companies.

Coal India accounts for over 80 percent of the domestic coal output.
Source: PTI

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