India's thermal coal imports rise nearly 15% in Jan-Oct'22

Higher power demand pushes up imports, despite rise in global coal prices. Cheaper Russian, Mozambican coal fill gap created by decline in South African, Australian imports. Sharp rise in imports capped as most consuming sectors are well stocked for next two months.

Morning Brief: India's thermal coal imports rose 14% y-o-y to 140 million tonnes (mnt) during January-October, 2022, as per CoalMint data, despite volatility in the global coal markets since the outbreak of the Russia-Ukraine conflict. The rise in coal imports indicates the strong demand push in the country on the