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News Indian coal prices decline in December 2022

Indian coal prices decline in December 2022

Written by Global Cement staff 24 February 2023
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India: The price of imported coal ended December 2022 at US$145/t. The figure represented a 15% month-on-month drop from November 2022 levels. HT Media News has reported that the price is the lowest since the Russian invasion of Ukraine in February 2022.

Finance company IDBI Capital has forecast that earnings before interest, taxation and amortisation (EBITA) per tonne of cement by local cement producers will rise by US$2.66/t quarter on quarter during the fourth quarter of the 2023 financial year, which will end on 31 March 2023. This is partly due to an anticipated 10% year-on-year decline in coal and petcoke costs during the period, alongside a 10% rise in cement volumes projected over the same period.

Last modified on 01 March 2023
Published in Global Cement News
Tagged under
  • India
  • Coal
  • Forecast
  • earnings before interest and taxation
  • costs
  • petcoke
  • fossil fuels
  • Fuel
  • GCW597
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