Commodity Market Report
India coal short-term outlook March 2020: reinvigorated economy pegged back by country lockdown
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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
India’s start to 2020 was positive with electricity generation, cement and sponge iron production, all registering positive growth rates, compared year-on-year basis. However, lockdown announced by the government to control the spread of coronavirus in the country has stalled this growth. At the same time, robust coal production by Coal India Limited in Q1 has resulted in a plenty of coal stocks, both at the power plants as well as the mine sites. With Q2 demand expected to remain weak due to the lockdown; what will it mean for coal imports? We also share our view on the demand downside due to this initial 21-day lockdown.
Table of contents
- Record coal production and stock levels, and soft electricity demand to keep a check on domestic spot prices
- Power generation and industrial production both showed signs of improvement from November to February before lockdown stalled the growth
- Record domestic production in Q1 means lower imports and lower domestic production in Q2
Tables and charts
This report includes the following images and tables:
- CIL performance in the spot market
- CFR India prices of imported coal
- Key thermal prices - history/forecast, nominal US$/t
- Key met prices - history/ forecast, nominal US$/t
- Monthly coal-fired generation
- Monthly hot metal and steel production
- Domestic coal stocks at power plants
- Imported coal stocks at power plants
- CIL raw coal production
- CIL coal despatches
- Seaborne thermal imports by origin
What's included
This report contains:
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