India: Thermal coal port stocks edge up in week 42, 2024

• Adani Enterprise's stocks rise by 5.8%
  
  
• Karaikal Port's inventories surge 57.1%
  
  

Thermal or non-coking coal stocks at Indian ports rose marginally by 2.3% to 12.75 million tonnes (mnt) in week 42 from 12.47 mnt in week 41, according to BigMint's data.

Company-wise break-up

Adani Enterprise saw an increase of 5.8% to 4.14 mnt in week 42 from 3.91 mnt in week 41. However, Agrawal Coal's stocks declined by 8.5% to 0.88 mnt from 0.96 mnt in the previous week.

Port-wise break-up

• Paradip Port registered a slight rise of 0.7% to 1.47 mnt in week 42 compared to 1.46 mnt in week 41.
  
  
• Karaikal Port saw the steepest rise of 57.1%, with stocks at 0.44 mnt compared to 0.28 mnt in week 41.
  
  
• Mundra Port recorded a w-o-w increase of 10.9% to 1.12 mnt from 1.01 mnt.
  
  
• Kakinada Port's stocks grew 25.3% w-o-w, to 0.40 mnt from 0.32 mnt.
  
  
• Krishnapatnam Port saw a w-o-w decline of 16.7%, with stocks at 0.69 mnt compared to 0.83 mnt in week 41.
  
  

Market overview

India's portside prices of South African thermal coal remained stable this week due to weak buying interest. BigMint's assessment showed RB2 (5500 GAR) prices at INR 9,500/t and RB3 at INR 7,650/t, ex-Gangavaram.