Apr 19: Global coal prices have been buoyed by the possibility of large Indian imports
8Indian coal inventories are low, water reservoirs are at very low levels even as Coal India’s production struggles to keep up with demand.
8What is more, stocks at Indian coal-fired plant were pegged last at 16.3m tonnes, some 40% lower than at the same time last year.
8The stage is therefore set for imports to surge
8Overall, global seaborne thermal coal import demand could rise by 5% this year to more than 960m tonnes amid growing appetite from China and India.
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