Indian coal imports have stagnated and even began to decrease in May, according to research from Marex
India has been increasing its imported
coal inventory over recent months, as the region races toward
monsoon season, but imports have begun to stagnate, and may not
meet demand during the difficult season for the country,
according to the latest report by broker Marex Spectron.
The increased inventory can be attributed
in part to the forecast for an El Nino during the monsoon,
which often tends to limit the rainfall amounts during the
season, said Marex, and as a reaction to both the frequent
blackouts over the past years.
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