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Home/Markets/Commodities/India: Informal Sector Boosts Coal Stock…

India: Informal Sector Boosts Coal Stocking Amid Price Surge

Commodities
By ThePip Desk•
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Indian laborers bag loose coal into sacks at an outdoor, informal market, with trucks and other workers in the background.

Workers in India bag and stock coal in an informal market amidst rising prices.

Key Highlights

India’s informal sector increases coal reserves due to rising global prices. Free market rates exceed seasonal levels by 10-15%. Read more about coal market trends.

Coal traders report that India’s informal sector is increasing its coal stocking in response to rising international prices. This has led to free market rates for coal exceeding typical seasonal rates by a premium of 10-15%.

According to a March 23 report from S&P Global Energy, the Platts CFR India 4,200 kcal/kg GAR increased from $67/mt on February 27 to $77.40/mt on March 20. This rise is attributed to stronger buying activity in Asian markets and a more robust energy market sentiment.

India