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New Delhi: India’s coal import rose by 13% to 21.64 million tonnes (MT) in February as some consumers took contemporary positions to replenish shares forward of summer time, in response to on-line market mjunction. The nation’s coal import was 19.15 MT within the corresponding month of FY23.
“Coal imports in February 2024 had been up by 13% as in opposition to 19.15 MT in February 2023,” as per the information compiled by mjunction.
Of the full import in February, non-coking coal import elevated to 13.77 MT in comparison with 11.68 MT imported within the year-ago interval.
“Coking coal quantity was 4.56 MT, in opposition to 4.40 MT imported in February 2023,” it stated.
The nation’s coal import additionally went as much as 244.27 MT within the April-February interval of FY24 over 227.93 MT within the year-ago interval, the net market stated.
Through the April-February interval of FY24, non-coking coal import was at 160.63 MT, larger than 148.58 MT imported in the identical interval of FY23.
Coking coal import was at 51.87 MT throughout the April-February interval of FY24, up in opposition to 50.50 MT recorded for April-February 2022-23.
“There was a rise in volumes as some consumers took contemporary positions to replenish shares forward of the summer time season, amidst softening of seaborne costs,” mjunction managing director and chief govt officer Vinaya Varma stated.
India produced 880.72 million tonnes of coal within the April-February interval of FY24.
