IMAN: India’s import – coal & coke
Published by Jessica Casey,
IMAN has released a report for India's import of coal for March 2021.
- March 2021 total coal and coke imports at 20.474 million t have seen a 6.54%% fall over March 2020 import figure of 21.906 million t but is 27.94%% higher than 16.003 million t imported in February 2021.
- Thermal coal imports contracted by 14.19% to 12.911 million t from 15.046 million t in March 2020 but are 31.86 higher than the 9.791 million t imported in February 2021.
- Petcoke imports saw a sharper contraction of 47.53% at 0.49 million t in March 2021 as compared to 0.933 million t in March 2020.
- Coking coal imports continue to remain strong in March with imports at 5.344 million t up 30.21% as compared to 4.104 million t imported in March 2020. However, coking coal has also lost some momentum since December 2020 (5.569 million t) January 2021 (5.165 million t).
- In 1Q21, thermal coal imports are down by 21.94%% at 36.798 million t as compared to 47.14 million t in 1Q20. However, metallurgical coal imports are up by 27.23% at 15.308 million t as compared to 12.031 million t in 1Q20.
- The restrictions imposed by China on imports of Australian coal continue and as a result some price distortions in the market also continue. As a result, Indonesian prices surged whilst Australian origin coal prices remained soft.
- This led to a reduction in India’s imports of Indonesian origin coal. And a surge in Australian coal imports, albeit the surge has moderated as compared to February 2021.
- In 1Q21, Indonesian thermal coal imports contracted by 28.35% to 20.06 million t down from the 27.99 million t imported in 1Q20.
- Australian thermal coal imports surged by almost 278.50% to 5.78 million t from 1.53 million t imported in 1Q20.
Power consumption in the country grew 24.35% in March at 123.05 billion units (BU) over the corresponding month a year ago, showing a revival in the economic activities, according to power ministry data. Power consumption in March last year was recorded at 98.95 BU.
During March 2021, peak power demand touched the highest level of 186.03 GW on 11 March 2021, and recorded a growth of 9.3% over 170.16 GW a year ago.
Power consumption in the country grew nearly 45% in the first half of April to 60.62 BU over the corresponding period a year ago, showing robust recovery in industrial and commercial demand of electricity, according to power ministry data.
Power consumption in the first half of April last year (from 1 – 15 April 2020) was recorded at 41.91 BU. During the first half of April 2021, peak power demand touched the highest level of 182.55 GW on 8 April 2021, and recorded a growth of 38% over 132.20 GW recorded in the entire month of April last year. However, this is lower than the peak power demand recorded in March 2021.
Read the article online at: https://www.worldcoal.com/coal/23042021/iman-indias-import-coal-coke/
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