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Indian Coal Import Shrinks in April-June Quarter

Coal News - Published on Tue, 07 Jul 2020

Image Source: Indian Coal Import
According to provisional compilation by mjunction, India’s coal imports registered a drop of 29.7 per cent to 48.84 million tonnes in the April-June period of the ongoing financial year as compared to India had imported 69.54 million tonnes of coal in the April-June period of 2019-20. During the April-June 2020 period, non-coking coal imports stood at 32.88 million tonne as compared to 48.48 million tonne during the year-ago period. Coking coal imports stood at 9.26 million tonne during April-June, down from 12.91 million tonne imported during April-June period of 2019-20. mjunction MD and CEO Mr Vinaya Varma said “The weak trend in imports is in line with market expectation, given the continued high stockpile of coal in the system. The plunge in thermal power sector’s plant load factor in the past couple of months and the sharp decline in cement output do not augur well for import demand in coming month. India’s coal import during last month through major and non-major ports is estimated to have decreased by 8.01 per cent over May 2020.”

The country’s coal imports also dropped 22.5 per cent to 15.22 million tonnes last month, against 19.64 million tonnes of coal imported in June last fiscal. Of the total imports in June 2020, non-coking coal was at 10.06 million tonne, against 10.54 million tonne imported in May 2020. Coking coal imports were at 2.84 million tonne in June 2020, down against 3.18 million tonne imported a month ago.

The drop in imports assumes significance in the wake of Government mandating state-owned Coal India Ltd to replace at least 100 million tonne of imports with domestically-produced coal in 2020-21.

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Posted By : Yogender Pancholi on Tue, 07 Jul 2020
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