Coal news and updates

Imported coal stocks fall at Paradip port m-o-m

October 29: The total stocks of coking and steam coal at Paradip port on the eastern coast of India, as reported by the parties, have decreased on October 29 as compared to the level recorded on September 29, an official of the port said.

The stocks of imported coal at the port fell to 1.3 million tons (mt) as on October 29 from 1.529 mt as on September 29.

The stocks of imported coal at the port had been falling gradually from the beginning of August as lesser number of consignments were coming as traders had reduced their purchases due to a sharp depreciation in the rupee versus the dollar since the middle of June this year.

The stocks of imported coal at the port, which stood at 2.21 mt on July 15, fell to 2.10 mt on August 15, to 1.997 mt on August 31 and to 1.762 mt on September 14. These fell further to 1.618 mt on September 21. The figure fell to 1.336 mt on October 10 and further declined to 1.25 mt on October 20.

This means there was a total decline of 0.91 mt in stocks of imported coal at the port between July 15 and October 29.

Of the total stocks lying at the port as on October 29, 0.813 tons was steam coal and 0.487 tons coking coal. On October 15, 0.808 tons was steam coal and 0.528 tons was coking coal whereas on September 29, 0.969 tons was steam coal and 0.560 tons was coking coal

Out of the total steam coal lying at the port on October 29, Adani had stocks of 36,000 tons, Bhatia had 95,000 tons and JSPL had 55,000 tons whereas on October 15, Adani had stocks of 2,000 tons, Bhatia had 95,000 tons and JSPL 65,000 tons.

Out of the total stocks of coking coal as on October 29, SAIL had 40,000 tons, Tata Steel 25,000 tons and Visa had 40,000 tons whereas on October 15, SAIL had 87,000 tons, Tata Steel 48,000 tons and Visa 30,000 tons.