Of the total imports last month, import of non-coking coal was at 14.24 MT, against 15.23 MT imported in October 2018.
Commenting on the coal import trend, mjunction CEO Vinaya Varma said, "The significant correction in thermal coal prices in November prompted buyers to take a wait and watch approach. There, however, was a stable trend in met coal market and this was reflected in the buying pattern.
The import of coking coal was at 3.93 MT in November 2018, almost flat against 3.94 MT imported a month ago.
"Metallurgical coke imports during the month were at 0.50 MT, while 0.53 MT was imported in the previous month," it said.
India's coal and coke import during November 2018 through 31 major and non-major ports is estimated to have decreased by 5.32 percent over october 2018, according to a provisional compilation by mjunction, based on monitoring of vessels' positions and data received from shipping companies.
Coal India accounts for over 80 per cent of the domestic coal output.
Coal India had earlier said there is a need to revisit the timeline of one billion tonnes of production target by state-owned CIL by FY 2019-20.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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