High India Coal Stocks Languish at 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.

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