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November thermal coal imports at 10-month low as local production increases

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India is the second biggest importer, consumer and producer of coal in the world. (Case)

Kolkata:

India’s thermal coal imports fell to the lowest levels in 10 months in November, according to data from consultancy Coalmint, mainly due to an increase in domestic coal production.

The country imported 10.83 million tonnes of thermal coal in November, according to Coalmint data, compared to 12.03 million tonnes in October and 9.45 million tonnes in November 2021.

Imports fell mainly due to increased production by state-owned Coal India, which accounts for 80% of India’s coal production.

The world’s largest coal miner saw its output rise by a sixth to 412.6 million tonnes in the first eight months of this financial year, putting it on track to meet its annual production targets for the first time since 2010.

Lower power generation fuel shipments in November marked the fifth consecutive month that imports fell from the previous month, the data showed.

Imports of coking coal – used mainly in the steel industry – fell to 4.56 million tonnes, from 4.95 million tonnes in October and 5.3 million tonnes in November 2021.

India is the second largest importer, consumer and producer of coal in the world and counts Indonesia, Australia, South Africa, Russia and the United States as its main suppliers.

Overall coal and coke imports of metcoke and petroleum coke rose 8.5% to 17.87 million tonnes, according to Coalmint data.

The share of coal and coke imports from Indonesia and Russia increased at the expense of Australia and South Africa. Russia and the United States were the only countries from which overall shipments increased, according to the data.

(Except for the title, this story has not been edited by NDTV staff and is published from a syndicated feed.)

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