India: Thermal coal port stocks largely stable w-o-w - Week 31, 2024

Non-coking or thermal coal stocks at Indian ports were at 14.5 million tonnes (mnt) in week 31 against 14.37 mnt in week 30, stable w-o-w, as per data compiled by BigMint.

Company-wise break-up

Stocks held by Adani Enterprises rose by 21% to 4.98 mnt in week 31 against 4.13 mnt in week 30.

Agrawal Coal's port stocks dropped sharply by 85% w-o-w to 1.07 mnt in week 31 compared to 1.08 mnt in week 30.

Port-wise break-up

Paradip Port stocks are stable at 1.59 mnt in week 31 as compared to 1.6 mnt in the previous week.

Magdalla and Mundra Port experienced a decrease by 14% and 6% to 1.2 and 0.79 mnt in week 31 as compared to 1.39 mnt and 0.84 mnt in week 30, respectively.

Dhamra Port's thermal stocks were at 1.35 mnt in week 31, up by 6% as compared to week 30 , and Vizag Port's stock is down by 13% to 0.89 mnt in week 31.

Indian portside thermal coal prices remain stable

Prices of the South African RB2 (5500 GAR) coal in Asian markets remained unchanged w-o-w at INR 9,650/t ex-Gangavaram. Prices of RB3 (4800 GAR) coal at Gangavaram and Vizag ports were recorded at INR 7,700-7,750/t, stable w-o-w. Deals were limited amid waning domestic demand.