Coal stocks at thermal plants hold above 18 MT as supply deficit narrows

Coal stocks at thermal plants have held above 18 million tonnes as the supply deficit has narrowed. This is a positive development for the power sector, as it suggests that coal availability is improving and reducing the risk of power outages. The narrowing supply deficit is also likely to have a calming effect on coal prices, which have been a concern for power generators and consumers. As a result, the power sector may experience some stability in the coming months.

Why it matters

Coal supply deficit is narrowing, which could lead to increased investor confidence. The daily requirement of coal for domestic thermal power plants is less than 3 MT per day, indicating a stable demand.

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