China Aluminium Network
India's aluminium sectors seek spot coal
Edited by : AL CIRCLE
1 min read
Several tenders and enquiries for imported spot thermal coal about to be awarded by Indian end-users are expected to show low prices due to the high levels of stocks at ports, Indian traders said.
India has over 12 million tonnes of thermal coal in stockpiles at its dozen or so coal importing terminals, of which at least 7-8 million are unsold, major Indian trade importers said last week.
India's Vedanta is seeking two cargoes of 5,500 kc/kg Gross Air Dried coal, either Indonesian or low-grade South African, for prompt shipment.
Vedanta has received offers but has not yet awarded, traders said.
National Aluminium Corporation (Nalco) has tendered for around 200,000 tonnes of spot coal while Hindalco is seeking one cargo of South African.
India has over 12 million tonnes of thermal coal in stockpiles at its dozen or so coal importing terminals, of which at least 7-8 million are unsold, major Indian trade importers said last week.
India's Vedanta is seeking two cargoes of 5,500 kc/kg Gross Air Dried coal, either Indonesian or low-grade South African, for prompt shipment.
Vedanta has received offers but has not yet awarded, traders said.
National Aluminium Corporation (Nalco) has tendered for around 200,000 tonnes of spot coal while Hindalco is seeking one cargo of South African.
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