Coal imports in India surge 12.6% to 107.34 mt in first half of FY22
COAL & MINING

Coal imports in India surge 12.6% to 107.34 mt in first half of FY22

India's coal import has grown by 12.6% to 107.34 million tonne (mt) in the first half of 2021-22.

The country imported 95.30 mt of coal in April-September 2020-21, as per the provisional data compiled by mjunction services, based on monitoring of vessels' positions and data obtained from shipping firms. mjunction is a joint enterprise between Tata Steel and SAIL.

It is a B2B e-commerce firm and additionally issues research reports on coal and steel verticals.

But, the nation's coal import dipped to 14.85 mt in September, compared to 19.04 mt in the similar month of the preceding fiscal, it said.

MD and CEO, mjunction, Vinaya Varma, told the media that coal imports in September 2021 were additionally decreased by 21.97% over September 2020 when imports reached 19.04 mt.

The substantial decline in import volumes in September against the same month in 2020 was in line with expectation, given the constant growth in thermal and coking coal costs in the global market.

This trend is expected to continue till there is a notable correction and stability in seaborne costs.

Of the total import in September, non-coking coal stood at 9.22 mt, compared to 11.97 mt imported in September 2020. Coking coal imports stood at 4.27 mt, dropped from 4.58 mt imported in September 2020.

India's coal and coke imports during September 2021 through the significant and non-major ports are expected to have dipped by 2.4% over August this year.

Image Source

Also read: Coking coal imports in India rose to 4.61 mt in July
Also read: India's coal imports decline by 12% in April-August 2021

India's coal import has grown by 12.6% to 107.34 million tonne (mt) in the first half of 2021-22. The country imported 95.30 mt of coal in April-September 2020-21, as per the provisional data compiled by mjunction services, based on monitoring of vessels' positions and data obtained from shipping firms. mjunction is a joint enterprise between Tata Steel and SAIL. It is a B2B e-commerce firm and additionally issues research reports on coal and steel verticals. But, the nation's coal import dipped to 14.85 mt in September, compared to 19.04 mt in the similar month of the preceding fiscal, it said. MD and CEO, mjunction, Vinaya Varma, told the media that coal imports in September 2021 were additionally decreased by 21.97% over September 2020 when imports reached 19.04 mt. The substantial decline in import volumes in September against the same month in 2020 was in line with expectation, given the constant growth in thermal and coking coal costs in the global market. This trend is expected to continue till there is a notable correction and stability in seaborne costs. Of the total import in September, non-coking coal stood at 9.22 mt, compared to 11.97 mt imported in September 2020. Coking coal imports stood at 4.27 mt, dropped from 4.58 mt imported in September 2020. India's coal and coke imports during September 2021 through the significant and non-major ports are expected to have dipped by 2.4% over August this year. Image Source Also read: Coking coal imports in India rose to 4.61 mt in July Also read: India's coal imports decline by 12% in April-August 2021

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