Marginal Rise in Coal Imports Amidst Domestic Oversupply

Coal imports in the country increased slightly by 1.23% to 21.37 million tonnes in January, while cumulative production saw a rise. Despite this, lower demand persists due to ample domestic stock, according to mjunction services ltd. A continuous weak trend is anticipated until summer.

The country's coal imports experienced a marginal increase of 1.23% in January, reaching 21.37 million tonnes. In comparison, the imports stood at 21.11 million tonnes during the same month last year.

Despite this slight rise, total coal shipment figures remained relatively steady at 222.67 million tonnes from April to January during FY25, as reported by mjunction services ltd, a B2B e-commerce platform.

Non-coking and coking coal imports both showed slight declines over the 10-month period, highlighting subdued demand amid abundant domestic supply. This has contributed to a weak trend in the market, expected to persist until summer, according to mjunction's CEO.

(With inputs from agencies.)