India's coal import declines about 4% to 19 mn tonnes in July
During the April-July period, the import of thermal coal was up 13.4% against 53.76MT reported for the same period last fiscal
India's coal import declined by 3.7% to 18.93 million tonnes (MT) in July this year from 19.67MT in the same month a year ago. Of the total coal imports in July 2019, non-coking coal shipment was at 12.66MT, coking coal's was at 4.17MT, among others, according to a provisional compilation by mjunction services based on monitoring of vessels' positions and data received from shipping companies.
"Against a modest increase in import in June, volumes during July dropped because of softer demand for power during monsoon with thermal power generation falling 7.2% during the month," mjunction managing director and CEO Vinaya Varma said. However, with a fall in coal stock at power stations during July and August, imports may firm up in coming days, Varma said.
During the April-July period of the ongoing fiscal, the import of thermal coal was up 13.4% to 60.97MT, against 53.76MT reported for the same period last fiscal.
For coking coal, the volume imported during April-July of FY'20 was 17.73 MT, slightly higher than 17.25 MT imported during the corresponding period last financial year. 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.