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Thermal coal stocks at India power plants rise 6% on week: Central Electricity Authority

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Thermal coal stocks at India power plants rise 6% on week: Central Electricity Authority

London — Thermal coal stocks at Indian power plants were 15.2 million mt as ofWednesday, up 6% from the previous week, and back above the 15 million mtlevel after reaching a four-month low of 14.3 million mt last Tuesday,according to data published Friday by the Central Electricity Authority.

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Indian coal stocks were up 1% month on month, but down 9% year on year,and were enough to support 10 days power generation, up from nine days theprevious week, according to the CEA data.

The number of plants at critical or supercritical stock levels fell to 14from 17 the week earlier, and stocks of imported coal recovered to 387,000 mtfrom 368,000 mt.

Indian coal stockpiles have been "perilously low" since mid-2017,according to S&P Global Platts Analytics, dropping below 10 days of inventorythrough the second half of last year.

India's Nabha Power was said to have shut down its 750 MW plant in Punjablast week due to coal shortages.

"Unpredictable supply...coupled with lax coal procurement strategies, ishampering stocking activity in India, and also is adding upside to thermalcoal import demand," Platts Analytics said Friday.

--Joseph Clarke,

--Jeffrey McDonald,

--Edited by Dan Lalor,