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Coal stocks at key Indian ports drop 3.9% to 12.45 million mt

Singapore — Coal stocks at 17 major Indian ports totaled 12.45 million mt as of February 25, down 3.9% on week, data released by Indian shipbroker Interocean showed.

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Stockpiled coal at Indian ports comprised 9.95 million mt of thermal coal, down 5.5% from 10.53 million mt the previous week; and 2.29 million mt of coking coal, up 4.6% over the same period from 2.19 million mt, the data released late last week showed.

Anthracite stocks fell 26.5% to 25,000 mt from 34,000 mt last week, while petcoke stocks at Indian ports plunged 11.3% to 180,000 mt from 203,000 mt during the same period.

Paradip on India's east coast had the highest coal stocks at 2.36 million mt, down 2% from the previous week's 2.41 million mt.

It also had the highest inventory for steam coal at 1.44 million mt, down 7.5% and the highest stocks of coking coal at 897,000 mt, up 8.2% from around 829,000 mt the previous week.

The 17 ports surveyed by Interocean were Mangalore, Tuticorin, Kakinada, Paradip, Kandla, Gangavaram, Visakhapatnam, Krishnapatnam, Muldwarka, Bhavnagar, Pipavav, Goa, Haldia, Magdalla, Dahej, Mumbai and Karaikal.

--Arusha Das,
--Edited by Haripriya Banerjee,