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India's coal import rises 4pct in June quarter

Coal News - Published on Tue, 14 Aug 2018

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PTI reported that India imported 57.99 million tonne of coal in April-June, registering an increase of 4.1% from the same quarter of 2017-18. Coal import in the year-ago period stood at 55.69 million tonne. As per the latest data from mjunction services “Overall, coal and coke imports during the first 3 months (April-June) of 2018-19 stood at 57.99 million tonnes 4.1% higher than 55.69 million tonnes recorded for the same period last year."

Steam coal import was up 3.6% at 39.98 million tonnes as compared to the same quarter of the previous year.

It said that "Coal import (all types of coal) in June 2018 stood at 18.75 million tonnes (provisional), lower than 20.98 million tonnes (revised) in May 2018."
Import in June declined mainly due to a slump in coking and non-coking coal shipments.

Mr Vinaya Varma, mjunction CEO, said that "Even as the power plants continued to face coal shortage, the multi-year-high prices in spot steam coal market restricted import volumes. The numbers may go up in coming months if there is a correction in prices, going forward."

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Posted By : Rabi Wangkhem on Tue, 14 Aug 2018
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