Indian Coal Import in April 2021 Surge by 30% YoY
mjunction services Ltd announced that India's coal and coke imports in April 2021 through the major and non-major ports are estimated to have increased by 30.3% over April 2020. Imports in April 2021 stood at around 22.27 million tonnes as against 17.09 million tonnes imported in April 2020. mjunction services Ltd MD and CEO Mr Vinaya Varma said "The demand for pre-monsoon restocking and supply concerns led to a surge in coal import during the month under review. Recently, tightened supply in overseas markets has firmed up prices. This factor coupled with the onset of monsoon is expected to keep the volumes in check in the near term.”
Of the total imports in April, the volume of non-coking coal was 15.32 million tonnes, against 12.28 million tonnes imported in April last financial year. Coking coal volume was 4.74 million tonnes, up against 3.23 million tonnes imported in April last fiscal.
During the 2020-21, total coal and coke imports stood at 215.92 million tonnes, about 12.6% lower than 247.10 million tonnes imported during FY'20.https://www.thedollarbusiness.com/assets/articles/2016/04/44109_shutterstock_250296868_1620.jpg