- Inventories at Gangavaram, Dahej, Jamnagar down sharply
- Portside prices of South African coal edge down
Thermal coal inventories at Indian ports dropped by 6.5% (w-o-w) to 12.08 million tonnes (mnt) in week 10 of CY’25, down from 12.92 mnt in the previous week, according to data from BigMint.
Port-wise inventory breakdown
Among key ports, stocks at Paradip declined slightly by 3.5% to 1.53 mnt from 1.59 mnt, while Magdalla saw a 5.5% increase to 1.66 mnt. Tuticorin recorded a notable rise of nearly 10%, reaching 1.19 mnt.
Meanwhile, stockpiles at major ports such as Dahej and Jamnagar registered sharp drops of 23.6% and 25.8%, respectively. Gangavaram witnessed the steepest decline of 30.7%, with coal stocks falling to 0.20 mnt from 0.29 mnt.
Vizag’s inventories fell by 10% to 0.78 mnt from 0.86 mnt, while Mangalore saw a 13.8% decline, with stocks dropping to 0.58 mnt from 0.67 mnt. Haldia remained stable at 0.36 mnt.
Company-wise inventory trends
Among coal-handling companies, Adani Enterprises saw a 4.6% rise in inventories to 3.02 mnt, up from 2.89 mnt. In contrast, Agarwal Coal’s stocks declined by 10%, falling to 0.98 mnt from 1.09 mnt.
Market overview
Portside prices of South African thermal coal in India saw a slight decline, with RB2 (5500 NAR) at Gangavaram Port dropping by INR 50/t to INR 8,450/t exw, while RB3 (4800 NAR) remained steady at INR 7,100/t exw. Some deals were reported at the eastern ports.
Thermal coal inventories at Indian ports had fallen by 1% to 12.09 million tonnes (mnt) in week 9 of CY’25, compared to 13.04 mnt the previous week. Market sources indicated a shift in preference toward domestic coal, leading to further price corrections, especially at Vizag Port.
South African RB2 export offers dropped by $1/t w-o-w to $77/t FOB, while RB3 declined to $60/t FOB.
Article From Bigmint
