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India's coal import rises by 9% YoY in 218-19 - mjunction

Coal News - Published on Wed, 24 Apr 2019

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According to provisional data by mjunction services, based on monitoring of vessels’ positions and data received from shipping companies, India’s coal import increased by 8.8% to 233.56 million tonnes in 2018-19. Coal imports were at 214.61 million tonnes in 2017-18. Non-coking coal imports were at 164.21 million tonnes in FY2018-19, about 13.25% increase over 144.99 million tonnes recorded in FY2017-18. Coking coal import was almost flat at 47.73 million tonnes compared to 47.22 million tonnes in 2017-18.

mjunction MD and CEO Mr Vinaya Varma said that “The double-digit growth in thermal coal imports during 2018-19 was on expected lines and caused by the coal shortage at power plants until recently. In contrast, the bearish trend in steel consumption and prices, especially during the fourth quarter, restricted coking coal import.”

Mr Varma added that “Thermal coal import is likely to remain subdued in the near term, but may rebound if PLF (plant load factor) in thermal power plants goes up post-monsoon.”

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Posted By : Rabi Wangkhem on Wed, 24 Apr 2019
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