Are coal imports on a comeback trail, with a question mark being raised over domestic coal production?
Suddenly, in a deviation from the problem of plenty, coal’s user industries are feeling the heat of a shortage since August. And there seems to be the hint of a scramble for imports once again, in a throwback to the scenario that prevailed 2 years or so ago. Well, the situation is definitely not alarming, but imports, as per Coal Insights’ research, are inching up. Many analysts aver that the recovery seen in September-October is likely to sustain till the year-end and into the first quarter (Q1) of calendar 2018.
Imported coal stocks are quite low at the moment. In fact, as late as November 16, 2017, the stocks of imported coal at the thermal power stations (TPS) were down 5.26 percent at 0.288 million tons (mt) compared to 0.304 mt as on November 9, 2017. On a y-o-y basis, the stocks were down 81.39 percent from 1.548 mt as on November 16, 2016. Further, the imported stocks on November 16, 2017 were down 24.8 percent from 0.383 mt on October 16, 2017 m-o-m.
In the thermal power sector, the number of plants facing critical coal stocks position of less than 7 days stood at 11, 11, 4 and 3 as on November 16, 2017, November 9, 2017, October 16, 2017 and November 16, 2016, respectively. The number of plants facing super-critical coal stocks position of less than 4 days stood at 11, 14, 22 and 0 as on November 16, 2017, November 9, 2017, October 16, 2017 and November 16, 2016, respectively.
In fact, 3 weeks up to November 9, 2017, coal stocks at power plants saw a week-on-week decline, a trend that was reversed only from November 16.
As per Central Electricity Authority (CEA) data, from September 27, 2017, stocks started dipping week-on-week. On this day, stocks were at 8.738 mt but on October 4, 2017 these dropped to 8.002 mt and since then, the inventory started declining steadily till October 26 (7.439 mt), recovering on November 2, 2017 to 7.871 mt. But the volumes declined again to 7.795 mt on November 9, 2017.
Diese Geschichte stammt aus der November 2017-Ausgabe von Coal Insights.
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Diese Geschichte stammt aus der November 2017-Ausgabe von Coal Insights.
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