India's coal import drops 30% to 48.84 Mt in Apr-Jun

ptinews.com Import & Export,  International 2020-07-07 11:23:32

The country's coal imports registered a drop of 29.7% to 48.84 million tonnes (Mt) in the April-June period of the ongoing financial year, according to industry data. India had imported 69.54 Mt of coal in the April-June period of 2019-20, according to provisional compilation by Mjunction.


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 drop in imports assumes significance in the wake of government mandating state-owned Coal India Ltd (CIL) to replace at least 100 Mt of imports with domestically-produced coal in 2020-21.


The country's coal imports also dropped 22.5% to 15.22 Mt last month, against 19.64 Mt of coal imported in June last fiscal, it said.


"The weak trend in imports is in line with market expectation, given the continued high stockpile of coal in the system. The plunge in thermal power sector's PLF (plant load factor) in the past couple of months and the sharp decline in cement output do not augur well for import demand in coming month," Mjunction MD and CEO Vinaya Varma said.


India's coal import during last month through major and non-major ports is estimated to have decreased by 8.01% over May 2020, Mjunction said.


Last month, the import stood at 15.22 Mt (provisional), compared to 16.54 Mt (revised) imported in May 2020.


Coal import in June last year stood at 19.64 Mt, according to a compilation by Mjunction's India Coal Market Watch (ICMW).


Of the total imports in June 2020, non-coking coal was at 10.06 Mt, against 10.54 Mt imported in May 2020.


Coking coal imports were at 2.84 Mt in June 2020, down against 3.18 Mt imported a month ago.


During the April-June 2020 period, non-coking coal imports stood at 32.88 Mt as compared to 48.48 Mt during the year-ago period.


Coking coal imports stood at 9.26 Mt during April-June, down from 12.91 Mt imported during April-June period of 2019-20, it said.


India is expected to save around Rs 30,000 crore annually on import bill of thermal coal on account of commercial mining of blocks, Coal Minister Pralhad Joshi had earlier said.


He had said the country still imports one-fifth of its annual coal requirements and spends precious foreign exchange on it.


Last month, the government began the process of auction of coal blocks for commercial mining and put on sale 41 blocks.



(Writing by Alex Guo  Editing by Tammy Yang)
For any questions, please contact us by inquiry@fwenergy.com or +86-351-7219322.

Share this article
Connect with us

Editors Recommendations

1 Weekly China coal market news summary (Aug 3-Aug 7) 2020-08-07

China's Jul coal imports slump 20.63% on yr China's coal imports slumped 20.63% in July compared with the same month last year, as strict import restrictions continued to weigh ... &nbs

2 Weekly global coal market news summary (Aug 3-Aug 7) 2020-08-07

Global coal-fired power plants size first decreases in H1 The size of coal-fired power generation utilities decreased for the first time on record in the first half of 2020, with the closed

3 China's Jul natural gas imports fall 11.8% on mth, customs 2020-08-07

China imported 7.35 million tonnes of natural gas in July, falling 0.99 million or 11.8% from the preceding year, showed data from the General Administration of Customs on August 7. The i

4 China's Jul coal imports slump 20.63% on yr 2020-08-07

China's coal imports slumped 20.63% in July compared with the same month last year, as strict import restrictions continued to weigh down Chinese buying appetites, despite a large price advantage of o

5 China's state-run power giants switching from coal to renewable energy 2020-08-07

As China is pushing a new round of power system reform, state-owned power generators are accelerating the switch from traditional coal to more economic-friendly solar and other renewable energy.

6 QHD, Shenhua Huanghua port coal handling up 7.2% in late Jul 2020-08-07

Total coal throughput at Qinhuangdao and Shenhua Huanghua ports logged a yearly increase of 7.2% in late July (July 21-31), according to China Ports Association. Of this, coal handling at

7 China coking coal further declines on waned demand 2020-08-06

China's coking coal market kept falling as demand showed little improvement and many coal mines were struggling with their high stocks. Supply of coking coal still exceeded demand, mirror

8 China's import thermal coal market stays sluggish on quotas shortfall 2020-08-06

Chinese import thermal coal market extended sluggishness that has lasted for weeks, as shortfall of import quotas still reined in buying appetite of foreign cargoes. Sparse trades were co

9 China's spot thermal coal prices extend fall; bearish sentiment eased 2020-08-06

Spot thermal coal prices continued to decline for a fourth consecutive day on August 6 at northern transfer ports in China, as most buyers remained in a "wait-and-see" stance and showed limited buying

10 China Coal Daily Track (Aug 6) 2020-08-06

Thermal coal Production area Torrential rain has sustained for at least two days across many production areas in the north. In Shaanxi's Yulin, rain slowed down truck loading and c

Most Read Articles

1 Glencore H1 coal production rises 15% amid COVID-19 woes 2020-08-03

Glencore said in a report on July 31 that its coal production declined 15% year on year to 58.10 million tonnes in the first half of this year, mainly due to some operations' suspension in Colombia am

2 China's 90 large coal miners H1 output up 0.3% 2020-08-03

Raw coal output from China's 90 large miners climbed 0.3% from a year ago to 1.3 billion tonnes during January-June, official data showed. Operating revenue (including non-coal businesses

3 Australian thermal coal price logs a 27% yearly drop despite similar demand shrink 2020-08-04

Australian high-ash thermal coal price was subject to a nearly 27% year-on-year decline, although the price was also in a 20-day downside starting from July 24 last year due to similar demand shrink,

4 Bayan Resources H1 coal output falls nearly 25% 2020-08-05

Bayan Resources, one major coal producer in Indonesia, registered a year-on-year slump of 24.4% in coal output to 12.1 million tonnes in the first half year. Its coal sales decreased 3.9%

5 Tepidness continues in China coking coal market 2020-08-03

Tepidness was still seen in China's coking coal market, and prices of the steel-making material remained under downward pressure. Last week 12 mines monitored by sxcoal.com cut coking coa

6 China's domestic thermal coal market moving sideways with downward bias 2020-08-03

This week started with a quiet session for the spot thermal coal market at northern Chinese transfer ports, the same picture like other days last week, as demand remained lackluster and supply kept gr

7 Mongolian year-to-date coal exports plunge 46.4% on COVID-19, customs 2020-08-04

The year-to-date coal export from Mongolia totaled 11.26 million tonnes as of August 2, marking a year-on-year slump of 46.4%, according to Mongolian website IKON on August 3, citing Mongolian customs

8 Indonesian thermal coal loses strength in Chinese market, driving market shift 2020-08-03

Indonesian low-calorific value thermal coal, usually popular among Chinese buyers for blending in power generation, lost strength again in Chinese market after a fortnight of uptick. This

9 Indonesia Aug coal HBA price hits fresh low 2020-08-06

The Indonesian government set its coal benchmark price (HBA) for August at $50.34/t, notching the lowest since January 2009, the Energy and Mineral Resources Ministry said in a statement on August 5.

10 China's H1 coal railway shipments down 6.8% on yr 2020-08-04

Coal shipments through the railway network across China totaled 1.12 billion tonnes in the first six months this year, down 6.8% from the same period in 2019, data from the National Development and Re