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India’s Coal Import in June Up by 29% YoY

Coal News - Published on Mon, 12 Aug 2019

Image Source: moneycontrol.com
India's coal imports increased by 28.7% YoY to 24.14 million tonnes in June 2019 as compared to 18.75 million tonnes in June 2018. Of the total import during June 2019, non-coking coal was at 16.90 million tonnes, against 16.34 million tonnes imported in May 2019. Coking coal import was at 4.38 million tonnes in June 2019, up from 4.19 million tonnes imported a month ago. Metallurgical coke import during the month was at 0.32 million tonnes, against 0.24 million tonnes in the previous month.

mjunction MD and CEO Vinaya Varma said "There was a softening of non-coking coal prices in the international markets which led to a modest increase in import volumes during the month. Although coal stocks at power plants continue to remain sufficient, the slackness in domestic production and low monsoon rainfall may lead to continued growth in imports in coming months."

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Posted By : Rabi Wangkhem on Mon, 12 Aug 2019
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