Standard Post with Image

Coal Import Looks a Risky Game for Spot Market Traders

News

Stocks of imported coal at India's ports have swelled to a record 16 million tonnes .

Source: ET

 

SNP Insight

The spot market coal trade looks in trouble as the imported coal stock piling up at Indian ports to a record high due to lack of buyers. Many factors are acting like a chain reaction to turn out this result. This may put financial stress on the spot market imported coal traders. And may also result in revenue loss for the ports, shipping companies and the transport companies as the coal import may be fall down due to less demand of imported coal in Indian market.

Source: SNP Infra Research