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Moneycontrol reported that lower coal demand has led to stockpiling at India’s ports.
Moneycontrol reported that lower coal demand has led to stockpiling at India’s ports.
The market news is quoted as saying:
“I have never seen port stockpiles so high, they are over 12 million tonnes and more than half is unsold,” a source at one of the largest importing firms said. Other importers pegged the stockpiles at 10-12 million tonnes and added that they are struggling to sell this coal in the teeth of slow industrial and power generation demand.