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In the first six months of the 2021-22 fiscal year, April-September 2021, India's coal imports rose 12.
6% to 107.
34 million mt
.
The country imported 95.
3 million mt of coal between April and September 2020-21, based on monitoring of the vessel's location and data received from shipping lines
, according to provisional data compiled by Mjunction Services.
However, the country's coal imports fell by nearly 22%
to 14.
85 million mt in September from 19.
04 million mt a year earlier.
"Given the steady rise in thermal and coking coal prices in the global market, the sharp decline in imports in September compared to the same month last year was in line with basic expectations
.
And, this trend is likely to continue until there is a significant correction and stabilization in ocean freight prices," explained
Vinaya Varma, CEO of Mjunction.
Of the total imports in September, non-coking coal was 9.
22 million mt, compared with 11.
97 million mt
in the same period last year.
Coking coal imports were 4.
27 million mt, down from 4.
58 million mt
in the same period last year.
"India's coal and coke imports through major and non-major ports during September 2021 are estimated to have decreased by 2.
4%
compared to August 2021.
"
In the first six months of the 2021-22 fiscal year, April-September 2021, India's coal imports rose 12.
6% to 107.
34 million mt
.
The country imported 95.
3 million mt of coal between April and September 2020-21, based on monitoring of the vessel's location and data received from shipping lines
, according to provisional data compiled by Mjunction Services.
However, the country's coal imports fell by nearly 22%
to 14.
85 million mt in September from 19.
04 million mt a year earlier.
"Given the steady rise in thermal and coking coal prices in the global market, the sharp decline in imports in September compared to the same month last year was in line with basic expectations
.
And, this trend is likely to continue until there is a significant correction and stabilization in ocean freight prices," explained
Vinaya Varma, CEO of Mjunction.
Of the total imports in September, non-coking coal was 9.
22 million mt, compared with 11.
97 million mt
in the same period last year.
Coking coal imports were 4.
27 million mt, down from 4.
58 million mt
in the same period last year.
"India's coal and coke imports through major and non-major ports during September 2021 are estimated to have decreased by 2.
4%
compared to August 2021.
"
