India: Thermal coal port stocks witness slight dip w-o-w in week 41, 2024

• Agarwal Coal's stocks rise 9.7%
  
  
• Gangavaram Port's drops 24.1%
  
  

Thermal or non-coking coal stocks at Indian ports edged down by 1.57% to 12.47 million tonnes (mnt) in week 41 from 12.67 mnt in week 40, according to BigMint's data.

Company-wise break-up

• Adani Enterprise saw a decline of 3% w-o-w to 3.91 mnt in week 41 from 4.01 mnt in week 40.
  
  
• Agarwal Coal's stocks increased by 9.7% w-o-w to 0.96 mnt in week 41, compared to 0.87 mnt in week 40.
  
  

Port-wise break-up

• Paradip Port registered a 0.83% rise in coal stocks to 1.46 mnt in week 41 compared to 1.45 mnt in week 40.
  
  
• Mundra Port, however, recorded a 14.42% decline in stocks to 1.00 mnt from 1.18 mnt in week 40.
  
  
• Gangavaram Port saw the steepest decline of 24.13%, with stocks at 0.13 mnt in week 41 compared to 0.17 mnt in week 40.
  
  
• Tuticorin Port saw a 5.47% rise in stocks to 1.56 mnt from 1.48 mnt the previous week.
  
  
• Mangalore Port witnessed a significant 18.4% increase in stocks to 0.71 mnt from 0.60 mnt in week 40.
  
  

Market overview

Portside prices of South African thermal coal saw a slight increase last week. RB2 (5500 GAR) was assessed at INR 9,500/tonne (t) and RB3 (4800 GAR) at INR 7,650/t, both ex-Gangavaram. The slight hike aligns with an uptrend in the global market and higher import offers.