India: Thermal coal port stocks drop slightly w-o-w in week 35

• Adani's coal stocks stable, Agarwal Coal's drops by 3% w-o-w
  
  
• Paradip Port's stocks down 2.3%, Vizag Port's decline by 25%
  
  

Non-coking or thermal coal stocks at Indian ports dropped by 4% w-o-w to 13.96 million tonnes (mnt) in week 35 as against 14.55 mnt in week 34, as per data compiled by BigMint.

Company-wise break-up

• Stocks held by Adani Enterprises remained largely stable at 4.52 mnt in week 35 against week 34.
  
  
• Agarwal Coal's port stocks declined by 3% w-o-w to 1.29 mnt from 1.33 mnt in this period.
  
  

Port-wise break-up

• Stocks at Paradip Port dropped by 2.3% to 1.52 mnt in week 35 compared to 1.55 mnt last week.
  
  
• Magdalla Port's stocks decreased by 3% w-o-w to 0.92 mnt in week 35 from 0.94 mnt in week 34, while Dhamra Port's declined by 12% to 0.93 mnt from 1.05 mnt during the same period.
  
  
• Mundra Port's thermal stocks were at 1.22 mnt in week 35, down by 2% w-o-w, and Vizag Port's stocks dropped by 25% w-o-w to 0.56 mnt in week 35.
  
  

Market overview: BigMint's assessment shows that the portside prices of South African thermal coal fell by INR 50-150/tonne (t) w-o-w. RB2 (5500 GAR) and RB3 (4800 GAR) coal prices were assessed at INR 9,600/t ($114.34/t) and INR 7,600/t ($90.52/t) ex-Gangavaram, respectively. Trades remained on the lower side. In the ports in eastern India, a few offers were heard at INR 9,300/t ($110.77/t) for RB2 and INR 7,900/t ($94.09/t) for RB3.