Import NewsNo Comments
In the month of September 2017, the Coal import of the country increased by 9.5% and reached to 18.33 million tonnes (MT). The imports were seen falling previously for five continuous months when compared on a year-on-year basis as there were fuel shortages in some power plants.
Data from m-junction services tells “Coal imports (all types) in September 2017 stood at 18.33 MT (provisional), against 16.73 MT in September 2016.” SAIL and Tata Steel together run m-junction service which is an online procurement and sales platform.
As per the online platform, the coal demand is reviving after monsoon and the buyers want to increase the stocks as winter is approaching. The growth in coal-fired power generation in the country recently has increased the coal demand increasing the need to import.
“The higher volume of coal and coke imports in September (9.6% yoy) is mainly due to a 1.1 MT increase in non-coking coal imports during the month under review. There was also an increase in non-coking coal imports in September 2017 on a month-on-month basis,” as per m-junction.
About 18.3 MT of coal was imported in September and 12 MT from that was non-coking coal, 4.1MT was coking coal and 1.4 MT was pet coke. India’s coal imports declined marginally to 19.08 MT in April 2017 as against 19.63 MT in April 2016. During May 2017 they fell to 18.38 MT as against 19.38 MT in May 2016. June 2017 saw the imports dropping to 18.22 MT from 21.50 MT a year-ago. In July 2017 import was down at 14.64 MT from 19.15 MT in July 2016. In August the coal import fell to 18.80 MT from 19.75 MT in the same month last year.
The coal import was down by 6.37% at 191.95 MT during 2016-17 because the Coal India Ltd had a higher production and led the country to have surplus coal. CIL makes about 80% of the coal production in the country.