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Coal India' Pushed Up Demand for Imported Thermal Coal at Dipka Mine

Coal News - Published on Wed, 09 Oct 2019

Image Source: drycargomag.com
Platts reported that severe flooding at one of Coal India' largest mines has pushed up demand for imported thermal coal. The flooding at Dipka mine, in Central India, was caused by heavy rain and hit affected coal output.
Details of how much production was affected were not immediately known. Coal India was not available for comment. The mine produces over 30 million metric tonne a year of thermal coal, and the flooding could lead to fuel shortage at some power plants in eastern and central India.

A Singapore-based trader said that it would mean a slight uptick in Indian import demand. An Indonesia-based trader also heard pockets of Indian restocking because of heavy monsoon rains causing flooding in Northern India. This could offer some support to seaborne prices. Heavy rains have been slowing down production.

Another Singapore-based trader added that demand from India would likely be boosted as domestic power utilities might issue tenders for seaborne thermal coal in coming weeks.

Source :

Posted By : Rabi Wangkhem on Wed, 09 Oct 2019
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