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Weekly coal stocks at key Indian ports rise 0.1% to 15.48 mil mt: Interocean

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Weekly coal stocks at key Indian ports rise 0.1% to 15.48 mil mt: Interocean

Singapore — Coal stocks at 16 major Indian ports were at 15.48 million mt as of January 24, up by a marginal 0.1% from a week ago, according to data released by Indian shipbroker Interocean's Saturday.

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The stockpiles comprised 12.38 million mt of thermal coal, down 0.5% from 12.44 million mt the previous week, and 3.07 million mt of coking coal, up 3.3% on the week from 2.97 million mt, the data showed.

The stocks for anthracite were at 8,000 mt, down by 33.3% from 12,000 mt in the previous week, while petcoke stocks dropped to 17,200 mt, down 42.7% from 30,000 mt, the data showed.

Paradip port on India's east coast had the highest coal stocks as of January 24 at 3.69 million mt, down by 1% from 3.73 million mt the previous week according to Interocean.

It had the highest level of thermal coal stocks, at 2.26 million mt, down 4.7% from 2.39 million mt the previous week.

It also had the highest level of coking coal stocks at 1.41 million mt, up 5.9% over the week from 1.33 million mt.

The 16 ports surveyed by Interocean were Mangalore, Tuticorin, Kakinada, Paradip, Kandla, Gangavaram, Visakhapatnam, Krishnapatnam, Muldwarka, Bhavnagar, Pipavav, Goa, Dahej, Magdalla, Hazira and Haldia.

--Arusha Das,
--Edited by Irene Tang,