India: Portside prices of Indonesian non-coking coal remain unchanged w-o-w

• Index prices inch down w-o-w
  
  
• Non-coking coal inventory drop 2% w-o-w
  
  

Indonesian non-coking coal prices at Indian ports remained stable w-o-w, despite a reduction in demand due to lower industrial activity.

While some buying activity was noted, it remained limited, with buyers taking advantage of the reduced prices to secure smaller volumes. Market sentiment remained cautious, as several suppliers were compelled to engage in loss-making transactions due to the ongoing demand slowdown.

Indonesian coal prices were also impacted by a downturn in China's domestic coal market, further exacerbated by the Lunar New Year holidays. This led to slower trade and reduced demand, adding additional pressure to an already sluggish global coal market.

Notably, 3400 GAR coal at Navlakhi Port remained unchanged w-o-w at INR 4,650/tonne (t). Similarly, 4200 GAR coal at Kandla held steady at INR 5,850/t, while prices at Vizag remained consistent at INR 5,750/t. Additionally, 5000 GAR coal at Kandla remained firm at INR 7,700/t, and high-GCV coal at Vizag stayed stable at INR 7,650/t.

Non-coking coal inventories at Indian ports decreased by 2%, reaching 13.89 million tonnes (mnt) in the third week of CY'25, down from 14.22 mnt last week, according to BigMint data.

Indonesian indexed coal prices also saw a decline w-o-w. High-CV (5800 GAR) coal prices fell by $0.82/t to $86.48/tonne, mid-CV (4200 GAR) decreased by $0.35/tto $48.76/t, and low-CV (3400 GAR) dropped by $0.25/t to $29.82/t, all on FOB basis.