Coal import for October came in flat at 16.65 million tonnes, underpinned by cautious buying of the fossil fuel by consumers due to high prices in the overseas market.
The figure for October 2016 was 16.68 million tonnes (mt), according to the latest data from mjunction services, a leading name in the e-auction space.
“Coal import (all types of coals) in October 2017 stood at 16.65 mt (provisional) against 16.68 mt in October 2016 and 15.68 mt (revised) in September 2017,” said the online procurement and sales entity jointly floated by state-owned SAIL and Tata Steel.
On the import trend of the fossil fuel, mjunction CEO Vinaya Varma told , “While there was a revival in demand for imported material, especially from the thermal power plants facing low coal stock situation, the prevailing high price in the sea-borne coal market was seen as a dampener. As a result, there was cautious buying ahead of the winter months.” Read More…
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