According to a provisional compilation by mjunction services, India’s coal import dropped by 29.1 per cent to 18.65 million tonnes in April due to the lockdown to contain the spread of coronavirus infection as compared to 26.34 million tonnes in April 2019,

mjunction Managing Director and CEO Vinaya Varma said “The prolonged lockdown across the world has impacted both demand and supply-side factors. Although spot prices have plunged to multi-year lows, tight liquidity situation has restricted volumes.

However, there was sporadic buying by traders and consumers who anticipated phased easing of restrictions and a sudden spurt in post-lockdown industrial activity.”