Coal news and updates

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

November 8: 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 November 8 as compared to the level recorded on November 1, an official from the port said.

The stocks of imported coal at the port fell to 1.25 million tons (mt) as on November 8 from 1.30 mt as on November 1.

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 the sharp depreciation in the Indian rupee versus the US 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. The stocks 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 but slightly moved up to 1.3 mt on November 1 while again falling to 1.254 mt level on November 8.

This means there was a total decline of 0.956 mt in stocks of imported coal at the port between July 15 and November 8.

Of the total stocks lying at the port as on November 8, 0.749 tons comprised steam coal and 0.505 tons of coking coal. On November 1, 0.813 tons were steam coal and 0.487 tons coking coal. Out of the total steam coal lying at the port on November 8, Adani had stocks of 10,000 tons, Bhatia 95,000 tons and JSPL 55,000 tons whereas on November 1, Adani had stocks of 36,000 tons, Bhatia 95,000 tons and JSPL 55,000 tons.

Out of the total stocks of coking coal as on November 8, SAIL had 100,000 tons, Tata Steel 21,000 tons and Visa 43,000 tons whereas on November 1, SAIL had 40,000 tons, Tata Steel 25,000 tons and Visa 40,000 tons.