Monday, 24 February 2014

Coal Stocks At Indian Ports Rise 5% On Week To 7.9 Mil Mt: Interocean

Stocks of imported coal at 16 major ports in India rose 5% week on week to 7.9 million mt as of February 21, according to data released late Friday by Indian shipbroker Interocean Group.


Of the total, thermal coal accounted for 5 million mt, down 7% week on week, while coking coal stocks jumped 38% to 2.9 million mt, the data showed.


Paradip port on India's east coast had the highest level of coal stocks as of February 21, at around 1.6 million mt, up 6.6% from the previous week, the data showed.


Krishnapatnam port, also on the east coast, had the highest level of coking coal stocks, at 1.1 million mt, up from 241,218 mt a week ago.


The 16 ports surveyed by Interocean were Mangalore, Tuticorin, Kakinada, Paradip, Kandla, Gangavaram, Vizag, Krishnapatnam, Muldwarka, Bhavnagar, Pipavav, Goa, Dahej, Magdalla, Hazira and Haldia.


Source:- platts.com





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