Indian cement and aluminum industry eager to seek spot coal

According to Reuters, due to the large stocks of the port, it is expected that Indian customers will soon receive a few bids and enquiries for imported spot thermal coal.

The main import trader in India said last week that India has stored more than 12 million tons of thermal coal, and at least about 7 million to 8 million of the final imported coal will not be sold.

Cement manufacturer Ultratech has already inquired 2 batches of South African coal but has not confirmed the transaction.

National Aluminum has bid about 200,000 tons of spot coal while Hindalco is seeking a series of very punctual South African orders. As of Friday, from July to August, Andhra Pradesh (Indonesia, the state of the Bay of Bengal) effectively tendered 1 million tons of coal.

The largest coal trader in India stated that “the competition for bids is fierce so we only focus on selected bids. He said “since high inventory buyers will have a large number of available orders. ”