Indian Coal Imports Rise 35% in February, Interocean Data ShowArchana Chaudhary
Coal imports to India, the world’s third-largest consumer, rose 35 percent in February from a year ago, shipping data show.
Adani Enterprises Ltd., Tata Group, JSW Group and Steel Authority of India Ltd. were among importers who brought in 12.6 million metric tons of the fuel last month, up from 9.34 million in the same period a year ago, according to figures from the Interocean Group. India received 10.3 million tons of steam coal and 2.3 million of coking coal through 23 of the 28 ports listed by Interocean, a New Delhi-based shipper.
The port of Mundra, operated by Adani Group, India’s biggest importer of the fuel, received the most coal at 2.35 million tons, according to Interocean. The eastern ports of Krishnapatnam, Gangavaram and Visakhapatnam took in 1.26 million tons, 1.23 million tons and 791,272 tons respectively, the data show. Magdalla and Dahej, on the western coast, admitted 901,887 tons and 660,475 tons.
Indonesia supplied the largest amount of the fuel at 9.2 million tons. Australia provided 1.52 million tons and South Africa shipped 1.45 million tons, the data showed. U.S. shipments to the country totaled 324,442 tons. Companies also received 68,500 tons from Mozambique and 32,500 tons from Latvia, according to the data.
Power-station coal at Australia’s port of Newcastle, the Asian benchmark price, declined 1.4 percent in the week ended March 22 to $87.90 a ton, according to data from IHS McCloskey.