Coking coal imports in India rose to 4.61 mt in July

16 Sep 2021 CW Team

Data from e-commerce firm Mjunction shows that India imported 4.61 mt of coking coal in July, up 14% from June and 97% from a year ago. The majority of the increase came from Australia.

Imports to the country increased by 45% year on year to 33.72 mt in January-July.

In July, Australian imports totalled 3.63 million tonne, up 89% from a year ago, when the Covid-19 pandemic disrupted economic activity and reduced steel consumption.

In response to increased demand on international markets, Indian steel companies have increased production. On July 30, the Argus premium low-volatile hard coking coal index closed at $240.90 per tonne CFR India, up 12% from $215 per tonne CFR India the previous month.

In July, India imported 1.32 mt of pulverised coal injection (PCI), up 36% month on month and 32% year on year. PCI imports from Australia increased by 31% to 1.04 mt in July, while Russian PCI arrivals increased by 58% to 273,974 tonnes.

PCI imports increased by 25% year over year to 8.4 mt in January-July. In July, India's met coke imports fell by 54% from the previous month to 141,933t.

Poland was the top importer in July, with 64,755 tonne, followed by Japan (44,683 tonne) and Columbia (29,632 tonne). China (1,096 tonne) and Russia (337 tonne) were the other major suppliers.

On the 10th of September, premium hard coking coal prices in Australia rose to $313.35 per tonne on a fob basis due to limited supply.

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Also read: Coal supply for power plants drops in last three years

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