India recorded a 30% surge in coal imports in April

In April, India's coal imports increased by 30.3 % to 22.27 million tonnes, owing to supply concerns and demand for pre-monsoon dry fuel restocking. According to a provisional compilation by mjunction services based on monitoring of vessel positions and data received from shipping companies, the country imported 17.09 million tonnes (mt) of coal in April of last year. The demand for pre-monsoon restocking, as well as supply concerns, resulted in a spike in coal imports in the month under review. Prices have recently formed as supply in overseas markets has tightened. In the short term, this factor, combined with the onset of monsoon, is expected to keep volumes in check mjunction services Ltd's MD and CEO, Vinaya Varma, stated. mjunction is a B2B e-commerce company that also publishes research reports on the coal and steel verticals. It is a joint venture between Tata Steel and SAIL. Non-coking coal accounted for 15.32 MT of total imports in April, compared to 12.28 mt in April of the previous fiscal year. Coking coal imports totalled 4.74 mt, up from 3.23 mt in April of the previous fiscal year. Total coal and coke imports in 2020-21 totalled 215.92 mt, down 12.6 % from the 247.10 mt imported in FY20. Image Source Also read: CIL records coal off-take to 55 mt in May Also read: Coal India’s fuel allocation via spot e-auction surges 43% in FY21