India’s coal imports plunged to 180.84MT, a drop of 11.6 % in the first ten months of 2020-21 as compared to 204.55 Mt of the previous year as per the data compiled by the mjunction services .
However, coal imports in January increased to 20.05 MT as compared to 18.67 MT for the same period a year-ago. This corresponds to 7.4 percent higher coal imports in January 2021 as compared to year-ago period. Of the total imports for the month of January 2021, non-coking coal stood at 12.77 million tonnes, while coking coal import was 5.62 million tonnes.
mjunction MD and CEO Mr Vinaya Varma said “There was a drop in January volumes as compared to the previous month. This was mainly due to the firmness in seaborne prices. While there is steady demand in the market, the import trend will largely depend on the movements in international prices, freight rates and also domestic supply.”
