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Indian Coal Import Shrink in August as COVID19 Hits Demand

Coal News - Published on Mon, 14 Sep 2020

Image Source: COVID19 Coal Import
PTI reported that according to provisional compilation by mjunction, India’s coal import declined by 34.9 per cent to 12.46 million tonnes in August on account of subdued demand from consuming sectors like power and cement. The country had imported 19.14 million tonne of coal in August 219. Also, the first five months of the current fiscal saw 32.51 per cent decline in coal import at 73.08 million tonne, over 108.29 million tonne during the year-ago period. Of the total imports in August, non-coking coal’s shipment was at 8.87 million tonne and coking coal at 2.18 million tonne.

mjunction said “Although there has been a modest recovery in coal-consuming sectors such as power and cement, coal stock continues to be ample and hence import demand subdued. If we go by the current trend, coal imports may see a significant decline this year.”

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Posted By : Yogender Pancholi on Mon, 14 Sep 2020
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