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India: Coking coal imports rise 31% y-o-y in May'21


India’s coking coal imports rose substantially in May’21 by 31.1% year-on-year (y-o-y) to around 4.74 million tonnes (mn t), CoalMint’s latest vessel lineup data reveals.
Simultaneously, however, the country’s pulverised coal injection (PCI) import shipments decreased by 18.9% m-o-m to 1.11 mn t in May’21, as against 1.37 mn t in Apr’21. Nevertheless, Indian spot buyers are expected to retreat to the sidelines, with Australian coking coal and PCI prices moving up fast and major steel


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