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Indian Coal Imports in April-July Shrink as COVID19 Bites Demand

Coal News - Published on Wed, 12 Aug 2020

Image Source: Coal Import India Coronavirus COVID19
According to a provisional vessel data compilation, by mjunction services, India’s coal import fell 43.2 per cent to 11.13 million tonnes in July 2020 on account of high stockpile of the dry fuel at pitheads, plants and ports. During April-July 2020, total coal imports were recorded at 57.27 million tonnes, which is 35.76 per cent lower than 89.15 million tonnes imported during April-July 2019. mjunction managing director and chief executive Mr Vinaya Varma said “Import demand continued to be weak amidst high stockpile of coal at pitheads, plants and ports. The market participants seem to have adopted a wait and watch approach and are currently looking for a direction. We do not expect to see any significant variation in volumes in the short-term.”

During April-July 2020, non-coking coal imports stood at 38.84 million tonnes as compared to 60.97 million tonnes imported in the corresponding period last year. Coking coal imports were at 10.67 million tonnes during April-July 2020, down from 17.73 million tonnes imported during the same period last year

The country’s coal imports increased marginally by 3.2 per cent to 242.97 million tonne in 2019-20

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Posted By : Yogender Pancholi on Wed, 12 Aug 2020
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