- After record imports of thermal coal and overall solid fuels, Jan & Feb 2020 stayed with the growth trend with strong import growth in thermal and coking coals.
- However, due to COVID-19, we may just begin to see negative growth in imports in coming month(s).
- India’s coal production, after severe disruptions in Sep & Oct 2019 due to an extended monsoon bounced back strongly. Jan & Feb 2020 saw the highest monthly coal production ever in the country’s history and the strong domestic production is likely to continue for the month of March 2020.
- With demand for coal in Europe reducing & COVID Breakout, we may see supply disruptions in the coming months. Jan & Feb 2020 saw the emergence of supplies from Russia and Colombia.
- With Coal India building stocks at both the power plants and pit heads, there are no immediate coal supply constraints visible. There is also a visible pick up in thermal power generation and with the summer approaching, we can expect improved demand & consumption for coal.
- Basis vessel loading information, a lot of US origin thermal coal will reach Indian shores in Mar & April 2020.
Recent Comments