Coal imports in April-May dip marginally to 36 million tonnes

  • 06-Jul-2018
  • Coal imports in April-May dip marginally to 36 million tonnes

Coal imports in the first two months of the ongoing fiscal registered a marginal decline of 2.6 percent at 36.49 million tonnes (MT). The drop in coal imports comes at a time when some regions, including the national capital, are facing power shortage due to fast depleting coal stockpiles at power plants.

“Overall, coal and coke imports during the first 2 months (April-May) of 2018-19 stood at 36.49 MT, lower than 37.47 MT recorded for the same period last year,” according to mjuction services, an e-auction joint venture between Tata Steel and SAIL.

Coal import in May 2018 stood at 18.23 MT (provisional), marginally lower than 18.39 MT in May 2017, it said.

“The marginal drop in coal and coke imports in May (a decline of 0.5 percent year-on-year) is mainly due to a decrease in coking coal imports during the month under review. There, however, was a slight increase in non-coking coal imports on both yearly and monthly basis,” it said.

On the coal import trend, mjunction CEO Vinaya Varma said, “The low stock position at power plants led to increased demand for non-coking coal import, but it was offset by the sharp increase in spot prices. Similarly, the recovery in met coal prices after a steady decline made the buyers wait for a clear direction, thus delaying procurement.”


Source:- Dailyshippingtimes.com

Seair is proud to have a loyal customer base from big brands.

We have successfully served many reputable clients for Import-Export Data Information Services. Here are some of our clients:

Get a free Import-Export data demonstrative report on desired products.

We don’t offer any assistance over buying or selling any products.

Thank You

Big thanks to showing your interest in SEAIR Exim Solutions. We’ve currently received your request for data information. We will return on the same query in a short span of time.

Copyright © 2009 - 2021 www.seair.co.in. All Rights Reserved.