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India's coal import likely to be subdued in coming months: mjunction


India s coal import is expected to be subdued in coming months on account of various factors like prevailing Covid situation, high coal stock in the system and higher international prices, according to mjunction.
mjunction a joint venture between Tata Steel and SAIL is a B2B e-commerce company and also publishes research reports on coal and steel verticals.
The country s coal import fell 12.62 per cent to 215.92 million tonnes (MT) in FY21 from 247.10 MT in FY20, according to a provisional compilation by mjunction services, based on monitoring of vessels positions and data received from shipping companies.
The overall decline in coal imports during the year 2020-21 was on expected lines. In coming months, import demand is likely to be subdued in view of the surge in COVID-19 infections, high coal stock in the system and high prices prevailing in the international market, mjunction services MD and CEO Vinaya Varma said. ....

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India's coal import drops 17% to 137.16 mn tonne in Apr-Nov: mjunction


India s coal import declined by 17 per cent to 137.16 million tonne (MT) in the April-November period of the current fiscal.
The country had imported 165.35 MT of coal in the year-ago period, according to provisional compilation by mjunction, based on monitoring of vessels positions and data received from shipping companies.
mjunction, a joint venture between Tata Steel and SAIL, is a B2B e-commerce company that also publishes research reports on coal and steel verticals.
The country s coal import in November also dropped to 20.35 MT from 21.72 MT in the corresponding month of previous fiscal, it said.
India s coal and coke imports during November 2020 through the major and non-major ports are estimated to have decreased by 6.3 per cent over November 2019, it said. ....

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