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Coking coal imports to India fall 11% QoQ amid rising prices; thermal coal still in high demand

From Australia, India's leading source for coking coal, the imports fell 17% sequentially but remained steady year-on-year.

New Delhi: India registered an 11% quarter-on-quarter decline in coking coal imports due to escalated prices, although the year-on-year figures saw a slight 3% uptick, according to the latest LSEG Workspace coal research quarterly report for Q4-2023. Despite the slump in imports, the robust demand fundamentals for coking coal persisted.

From Australia, India's leading source for coking coal, the imports fell 17% sequentially but remained steady year-on-year. Conversely, imports from Russia dropped by 16% sequentially but surged 56% on a year-on-year basis. The United States saw an 8% increase in coking coal shipments to India in the third quarter, which was a decrease from the previous year by 7%.