Commodity Market Report
India coal short-term outlook August 2021: Will second pandemic wave strangle growth in power and steel sector?
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Report summary
Growth momentum built up in India was lost in Q2 2021 due to second wave of the pandemic. State level restrictions to control coronavirus spread, impacted overall growth of the country. The supply-demand disparity led to huge stock levels of coal at mine sites. Steel mills diverted focus to steel exports due to subdued domestic demand. Surge in coal prices added more risks to coal imports. Will the second pandemic wave have more cascading impact on Indian power and steel sector compared to first wave? Read on to find out more about these issues and our forecast for the Indian coal market.
Table of contents
- Domestic spot coal prices could not gain advantage of strong seaborne prices
- Despite surge in coal fired generation, coal imports by power sector declining
- Metallurgical coal demand to maintain the momentum
- Balanced supply-demand ensuing stocks depletion
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
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