As we discussed in our most recent Weekly Dry Bulk Report, Coal India produced approximately 61 million tons of coal in October. This has marked a month-on-month increase of 9.6 million tons (19%) and a year-on-year increase of 8.1 million tons (15%). Coal India’s production has now increased on a year-on-year basis during twenty-nine of the last thirty months. Coal India’s production has grown this year by 57.3 million tons (10%).
Offtake (amount sent to customers) totaled 61.6 million tons last month, which marks a month-on-month increase of 6.5 million tons (12%) and a year-on-year increase of 7.9 million tons (15%). Offtake has now increased on a year-on-year basis during thirty-one of the last thirty-two months, and last month again saw offtake exceed production. Prior to the last seven months, the previous five months all saw offtake fall short of production. Coal India’s stockpiles stand at approximately 41 million tons.
