India’s coal imports fell sharply in February 2021

According to the import and export statistics of commodities released by the Ministry of Commerce and industry of India, in January 2021, the coal import was 24.1527 million tons, an increase of 3.5674 million tons or 17.3% over the same period last year.

 

From the perspective of India’s fiscal year, India’s coal import in the first 10 months of 2020-21 fiscal year (April 2020 January 2021) was 181 million tons, a decrease of 26.672 million tons or 12.87% compared with the same period of the previous fiscal year.

 

According to data released by Indian coal trader Iman resources, in February 2021, India imported 4.7861 million tons of coking coal, a year-on-year increase of 20% and a month on month decrease of 7%; imported 9.791 million tons of steam coal, a year-on-year decrease of 42.8% and a month on month decrease of 30.5%. India’s imports of steam coal fell sharply in the month, mainly due to a sharp decrease in imports from Indonesia and South Africa. In February, India imported the most steam coal from Indonesia, 5.048 million tons, down 39.1% year on year and 50.8% month on month; India imported 1.074 million tons of steam coal from South Africa, down 76.13% and 60.69% year on month, respectively.

 

From January to February, India’s imports of steam coal totaled 23.8825 million tons, down 25.6% from the same period last year. Among them, the import from Indonesia was 13.342 million tons, a year-on-year decrease of 31.3%; the import from Australia was 4.349 million tons, a year-on-year increase of nearly three times. Over the same period, coking coal imports totaled 9.952 million tons, up 25.5% year on year.

 

The latest data collected by mjunction platform of India based on the monitoring data of shipping companies also reflects the same trend. According to mjunction platform data, in February 2021, India’s coal import volume was 15.29 million tons, down 32.6% from 22.68 million tons in the same period of last year. Among them, the import of non coking coal was 9.07 million tons, a year-on-year decrease of 46.5%; the import of coking coal was 4.82 million tons, a year-on-year increase of 19.9%.

 

Meanwhile, in the first 11 months of the fiscal year 2020-21 (April 2020 February 2021), India’s total coal import was 196 million tons, down 13.6% from 227 million tons in the same period last year. Among them, the import of coking coal was 43.98 million tons, a year-on-year decrease of 2.63%; the import of non coking coal was 129 million tons, a year-on-year decrease of 18.2%.

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