Help Desk -
9958816305, 9810335381
Email
Password

Indian Thermal Coal Import Witnesses Sharp Decline in H1 of 2020

Coal News - Published on Wed, 05 Aug 2020

Image Source: Coal Import
UNI reported that India's thermal coal imports witnessed a decline during the first six months of this calendar year, January-June, 2020, lower than estimated, indicating the imports may drop this year by as much as 25 per cent on year due to Covid pandemic. According to IHS Markit Indian Coal Report, though imports have shown signs of improvement in the current month of July after falling by around 50 pc on year in May and June, a sluggish economic condition due to COVID-19 induced widespread lockdowns may continue to impact demand for end-use products like steel, cement and electricity

India’s thermal coal imports fell 27 per cent year on year January-June, as lockdown reduced industrial activity, which in turn capped power generation. Analysis of provisional shipping, ports and customs data by IHS Markit shows thermal imports in January-June was estimated at 73.29 million tonne, down from 100.55 million tonne with Q2 imports coming in at 26.25 million tonne compared with 53.25 million tonne in the previous corresponding period.

Based on trend line until June of the provisional data, it was now estimated up to 25 pc slippage in India’s thermal imports as demand is likely to continue to be sluggish and higher domestic coal availability due to consistent production and pithead stocks hitting 74 million tonne as on 30 June.

Source :

Posted By : Yogender Pancholi on Wed, 05 Aug 2020
Related News from Coal segment