• Hi, please login. Free Register Client Center
    Packages Subscription Shopping Cart
    Favorite
    Online Support
    APP

    India's NCI declines by 17.54%, indicates strong coal supply

    sxcoal.com Price,  International 2024-01-11 16:17:38

    The National Coal Index (NCI), which aggregates coal prices in India from diverse sales channels, recorded a decline of 17.54% in November 2023, down to 155.09 points from 188.08 points in the corresponding month of 2022, the Ministry of Coal said in a statement.

     

    The decline indicated sufficient coal supply in India, which managed to meet the growing demand.

     

    The NCI for non-coking coal in November 2023 saw a substantial drop to 143.52 points, marking a 25.07% decline year on year. Yet the coking coal index rose 5.79% to 188.39 points.

     

    This downtrend for non-coking coal aligns with increased coal availability in the market, as reflected by the decline in coal auctions premiums.

     

    (Writing by Rebecca Liu  Editing by Harry Huo)
    For any questions, please contact us by inquiry@fwenergy.com or +86-351-7219322.

    Share this article
    Connect with us

    All rights reserved. No reproduction is allowed without written permission.

    Related Articles

    Editor's Pick

    1 Coal mines start holiday leave in China's major producing regions 2024-01-19

    Some miners in China's main coal producing areas have commenced their Chinese New Year holiday break, but the majority remained in normal operations and the overall sales stayed weak, causing minimal

    2 China's coking coal market gains trades via auctions, spot prices increase 2024-01-19

    China's coking coal market saw improved trading activity through online auctions and higher prices in the offline spot market, signs for a rebound in demand as coking plants embarked on restocking for

    3 Weekly China coal market news summary (Jan 15-Jan 19) 2024-01-19

    QHD port coal stocks trend lower amid higher outflowsCoal inventory was on a downward trajectory at China's major transshipment port of Qinhuangdao last week, as outflows, bolstered by utilities' rest

    4 Weekly global coal market news summary (Jan 15-Jan 19) 2024-01-19

    Indonesia's thermal coal demand improves, but prices unchangedDemand for Indonesian thermal coal prices increased as Chinese traders started looking for spot coal to cover their short position, but th

    5 Shaanxi tightens coal mine safety checks ahead of holiday 2024-01-19

    Safety regulator of northwestern China's Shaanxi province has urged for strict inspections at coal mines around the Chinese New Year holiday and the following "Two Sessions", according to a recent not

    6 China Coal Daily Track (Jan 19) 2024-01-19

    Thermal coalProduction area Thermal coal market remained weak in main producing regions. Large miners reported not large stock pressure amid steady shipments to railway stations and term-contract buye

    7 BHP Oct-Dec 2023 met coal production up 2% QoQ; iron ore up 4% 2024-01-19

    Australia miner BHP Group Ltd. reported its metallurgical coal output was down 18% year on year to 5.7 million tonnes in the second quarter of the financial year 2023-24 (October-December 2023), the g

    8 Newcastle thermal coal prices slide to 2-mth low on weak demand, ample supply 2024-01-19

    Newcastle thermal coal futures fell to their lowest in almost two months on January 18, as mild weather in top importing countries reduced demand for power generation and ample supply in major produce

    9 Global coal exports & power generation hit new highs in 2023 2024-01-19

    Global coal-fired electricity generation hit record highs in 2023, while thermal coal exports also surpassed 1 billion tonnes for the first time as coal use in the power system continued to increase,

    10 China futures market updates at close (Jan 19) 2024-01-19

    Check out latest updates on the Chinese futures market for coking coal, coke, iron ore and others at close.

    Most Read Articles

    1 Hubei Dec power consumption up 7.05% YoY, output up 0.87% 2024-01-16

    Central China's Hubei province consumed 24.49 TWh of electricity in December, up 7.05% year on year, according to data from the local development and reform commission.The primary industries, mainly t

    2 Indonesia 2023 coal output at record high, targets 710 Mt in 2024 2024-01-16

    Indonesia produced 775 million tonnes of coal in 2023, well above the 695 million tonnes of the set target, rising 12.8% from 687 million tonnes in 2022, said the country's Mining Minister Arifin Tasr

    3 Mongolia Dec rail coal shipments up 3% MoM 2024-01-17

    Mongolia's coal shipments through railway were registered at 1.21 million tonnes in December 2023, down 16.39% from the preceding year yet up 3.00% from a month earlier, marking a five-month sequentia

    4 China Coal Daily Track (Jan 16) 2024-01-16

    Thermal coalProduction area Mine-mouth thermal coal prices still lacked strength as a whole. Delivery of term contract coal was active backed by the pre-holiday restocking from power plants, which con

    5 Australian Qld's Saraji coal mine suspended after accident 2024-01-16

    Production of BHP Mitsubishi Alliance's (BMA) Saraji coal mine in the Bowen basin of Queensland in Australia has been suspended following an accident on January 15 that led to one death, local media r

    6 Indonesia's thermal coal demand improves, but prices unchanged 2024-01-15

    Demand for Indonesian thermal coal prices increased as Chinese traders started looking for spot coal to cover their short position, but the overall trading prices remained unchanged from late last wee

    7 Infographic | India coal imports in Nov 2023 2024-01-18

    Infographic | India coal imports in Nov 2023

    8 China's coking coal prices rebound after mine accident 2024-01-15

    China's primary coking coal prices showed signs of rebounding at the start of the week, following a coal mine accident that raised concerns about potentially tighter supply due to safety scrutiny and

    9 China boasts 1,651 intelligent mining working faces 2024-01-16

    China has completed the construction of 1,651 intelligent mining working faces in 758 coal mines so far, according to a conference held on January 13.Among the first batch of coal mines listed as inte

    10 Shanxi's Taiyuan aims for comprehensive coal mine intelligent transformation by 2027 2024-01-16

    Taiyuan city in China's coal-producing hub Shanxi province is on course to basically realize the intelligent transformation of all types of coal mines by 2027, Taiyuan Daily reported, citing a work pl

    Follow Us

    coal,coal price,coke,China coal,coking coal,thermal coal coal,coal price,coke,China coal,coking coal,thermal coal coal,coal price,coke,China coal,coking coal,thermal coal coal,coal price,coke,China coal,coking coal,thermal coal

    Privacy Policy | Terms of Use | Site Map | About Us | Contact Us | Join Us

    Shanxi Fensheng Information Services Co., Ltd.

    Phone：+86-351-7219322  （Business Hours 08:30-18:00 GMT+8）

    Fax：+86-351-4728543    

    中文字幕在线播放