India: Thermal coal port stocks dip slightly in week 28, 2024

Non-coking coal stocks at Indian ports were around 15.24 million tonnes (mnt) in week 28 against 15.30 mnt in week 27, which decreased by 0.4% w-o-w, as per data compiled with BigMint.

Company-wise break-up

• Stocks held by Adani Enterprises dropped by -6.08% w-o-w to 4.79 mnt in week 28 against 5.1 mnt in week 27.
  
  
• Agrawal Coal port stocks are largely stable at 1.10 mnt in week 28.
  
  

Port-wise break-up

• Magdalla Port experienced a decrease of -8.45% w-o-w to 1.55 mnt in week 28 as compared to 1.69 mnt in week 27.
  
  
• Mundra Port stocks rose by 10% w-o-w to 0.99 mnt in week 28 as compared to 0.9 mnt in week 27.
  
  
• Paradip and Krishnapatnam Ports thermal stocks decreased w-o-w at 1.39 mnt and 1.25 mnt in week 28, by -1.08% and -1.95% respectively as compared to week 27 , while Vizag Port's stock rose by 3.61% w-o-w to 1.08 mnt in week 28.
  
  

Price trends, market overview - Prices of the South African RB2 (5500 GAR) coal in the Asian market fell by INR 100/t to INR 10,000/tonne (t) ex-Gangavaram. Prices of RB3 (4800 NAR) at Gangavaram and Vizag Ports were recorded at INR 8,100/t, down INR 100/t w-o-w. The thermal coal market continued to remain weak on low buying from major consuming nations.