Coal imports fall in November

0
The country’s coal imports fell by 22.5% to 15.78 million tonnes (MT) in November 2021, from 20.35 MT in the same month last year. “India’s coal and coke imports in November 2021 through major and non-major ports are estimated to have decreased by 22.5% compared to November 2020,” mjunction services said.

mjunction – a joint venture between Tata Steel and SAIL – is a B2B e-commerce company and also publishes research reports on the coal and steel vertical markets.

On a monthly basis, coal imports in November 2021 edged up by 0.21% from 15.75 MT imported in October 2021, it said.

Of the total imports, the import of non-coking coal stood at 8.93 MT compared to 13.77 MT in November last year. Coking coal imports stood at 4.90 MT against 4.28 MT imported in November 2020.

During the April to November period of the current fiscal year, total imports of coal and coke amounted to 138.87 MT, about 1.25% higher than the 137.16 MT imported from April to November 2020.

In the April-November period of FY22, imports of non-coking coal amounted to 88.47 MT compared to 91.44 MT imported in the April-November period of last FY. Coking coal import was recorded at 35.40 MT, higher than the 28.18 MT imported during the April-November period last fiscal.

Commenting on the coal import trend, Vinaya Varma, MD and CEO of mjunction, said, “In line with expectations, import demand from India was subdued at the end of the festive season and domestic supply has improved. shipping prices on imported volumes. This trend is also expected to continue in the coming month. »

Share.

Comments are closed.