Utility stockpiles sufficient for seven days Rangebound freight may be aiding trades: trader Buyers benefit from elevated spot market tariff Indian thermal coal buyers have started to pay very high prices to import the fuel in a shift from the traditional pattern of low-cost buying, as domestic stocks border on critical levels amid a surge in summer power demand, sources told S&P Global Commodity Insights April 28. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Several trades to India for 4,200 kcal/kg GAR coal of Indonesian origin were heard concluded in the week ending April 29 at $95-$98/mt FOB for Panamax and Capesize vessels. Stockpiles at utilities stood at 21.445 million mt as of April 26, sufficient for a little over seven days of coal burn, according to data from Central Electricity Authority, leaving buyers with little option but to pay such high prices. […]