Commodity Market Report
India coal short-term outlook April 2021: is import substitution drive compatible with demand?
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The recovery in Indian power and steel continued to build momentum through Q1 2021. Strong economic growth post-lockdown has increased consumption of goods across all sectors. However, there are a few risks to imports. The supply-demand imbalance of domestic coal is resulting in huge stockpiles. The government’s import substitution drive has shown mixed results but has lowered imports in power sector. Finally, there is the risk presented by the second wave of COVID-19 now spreading across the country. Read on to find out more about these issues and our forecast for the Indian coal market.
Table of contents
- Despite firm seaborne prices, domestic spot prices remain range bound
- Recovery continues in thermal coal demand
- Metallurgical coal demand to remain firm
- Supply-demand imbalance results in higher stocks
Tables and charts
This report includes the following images and tables:
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CIL performance in the spot marketCFR India prices of imported coalKey thermal coal prices: history/forecast, nominal US$/t
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Key metallurgical coal prices: history/ forecast, nominal US$/tMonthly coal-fired generationDomestic coal stocks at power plantsMonthly hot metal and steel productionImported coal stocks at power plantsCIL raw coal productionCIL coal despatchesSeaborne thermal imports by origin
What's included
This report contains:
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