Indian Coal Imports in Apr-Jan 2021 Shrink by 12%
According to provisional data compiled by mjunction services, India’s coal imports in January increased to 20.05 million tonnes as against 18.67 million tonnes in year-ago period. Of the total imports in January 2021, non-coking coal was at 12.77 million tonnes, while coking coal import was 5.62 million tonnes. mjunction MD and CEO Mrt Vinaya Varma said “There was a drop in January volumes as compared to the previous month. This was mainly due to the firmness in seaborne prices. While there is steady demand in the market, the import trend will largely depend on the movements in international prices, freight rates and also domestic supply.”
However, India’s coal import registered a drop of 11.6% to 180.84 million tonnes in the first 10 months of 2020-21 as compared to 204.55 million tonnes of coal in April-January period 2019-20. During April-January 2020-21, non-coking coal import was at 119.84 million tonnes as compared to 140.65 million tonnes in the same period a year ago. Coking coal import was recorded at 39.16 million tonnes, lower than 41.15 million tonnes imported during the same period a year ago.