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India's coal imports rose to 18.
77 million mt in June, up 50%
year-on-year, according to Mjunction Services.
India imported 12.
51 million mt of coal
in June 2020.
Coal imports through major and non-major ports in June were down 5.
76%
from May this fiscal year.
The data was compiled by Mjunction, a B2B e-commerce company
that publishes reports on the coal and steel industries.
"Imports fell slightly in June, in line with expectations
.
With sea freight prices still at multi-year highs, this trend is likely to continue during the monsoon
.
At the same time, some buyers have shifted their preference from imports to domestic coal
.
It remains to be seen whether they will stick with it when sea freight prices are stable," said Vinaya Varma, general manager and CEO of Mjunction Services
.
Non-coking coal imports increased to 13.
05 million tonnes from 8.
28 million tonnes in the same period last year, while coking coal imports rose to 4.
06 million tonnes from 2.
46 million tonnes
in the same period last year.
From April to June this year, India's coal imports were 60.
97 million tons, an increase of 32.
13%
over the same period last year of 46.
14 million tons.
India's coal imports rose to 18.
77 million mt in June, up 50%
year-on-year, according to Mjunction Services.
India imported 12.
51 million mt of coal
in June 2020.
Coal imports through major and non-major ports in June were down 5.
76%
from May this fiscal year.
The data was compiled by Mjunction, a B2B e-commerce company
that publishes reports on the coal and steel industries.
"Imports fell slightly in June, in line with expectations
.
With sea freight prices still at multi-year highs, this trend is likely to continue during the monsoon
.
At the same time, some buyers have shifted their preference from imports to domestic coal
.
It remains to be seen whether they will stick with it when sea freight prices are stable," said Vinaya Varma, general manager and CEO of Mjunction Services
.
Non-coking coal imports increased to 13.
05 million tonnes from 8.
28 million tonnes in the same period last year, while coking coal imports rose to 4.
06 million tonnes from 2.
46 million tonnes
in the same period last year.
From April to June this year, India's coal imports were 60.
97 million tons, an increase of 32.
13%
over the same period last year of 46.
14 million tons.
