‘pace of war’ Has stopped the supply of coal! Indonesian imports reduced and prices crossed ₹11,500, adulteration increased

Indonesia Coal Import: Everything is ‘burning’ in the heat of war. Now the prices of coal have increased in the market. Even though the rates of coal companies are stable, the premium in the open market has increased by Rs 1,200-1,500 per tonne. The main reason for this is that on one hand the shortage of gas has increased, while on the other hand the coal coming from abroad has become limited.

Due to both the circumstances, local coal is now being sold at nominal prices as the industry operators are left with no other option. Sources said that Indonesia has also changed its policies. While on one hand the production has been reduced, on the other hand it has been decided to do the transactions through government banks. Therefore, it has had a wide impact on the markets all over the world.

Not only this, due to the war the ‘speed’ of coal coming has also slowed down. Transportation costs have increased due to increased shipping costs. Due to increase in transportation cost, foreign coal has also become expensive in the market.

Experts said that earlier the price of coal which was earlier running at Rs 8,000-9,200 per tonne in the foreign market has now reached the level of Rs 11,000 and 11,500 per tonne. People associated with the coal business say that if the war situation continues like this, foreign coal may become more expensive in the coming days because the demand from industries will increase and there will be shortage of goods.

Double crisis for industries

Coal is an important raw material for any industry. The industry has been shaken by the increase in its cost. The biggest thing is that the availability is also decreasing. Due to this the crisis is increasing further. Entrepreneurs say that if the government does not pay attention to the situation then it will become difficult to operate the industries.

No coal to small industries

On one hand, the state and central governments talk about MSMEs (Micro, Small, Medium and Medium Enterprises), while on the other hand, they are not getting coal from Maharashtra State Mining Corporation (MSMC). The file regarding release of coal quota has been ‘suppressed’ by the officials in the Ministry for a long time. In such a situation, small entrepreneurs are forced to buy coal from the market. This is proving painful for them, hence small industries are going through the most crisis.

Demand increased in season

Meanwhile, WCO officials say that power houses need more coal during summer, hence there is a surge in demand. 25 to 26 racks are being supplied daily by WCL. This is more than usual.

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Allegation of mixing stones in coal

Meanwhile, many traders and entrepreneurs allege that stones are being mixed on a large scale in the coal being supplied from many mines. These stones have become fatal for the machines of the industries. Many industries have also been hit by this. A complaint has also been made to the WCL management but the headquarters is still not interfering in this matter. In order to earn profit, senior officials of the area are doing such feat.

Industry troubled from all sides

The industry is not only being hit by coal, but the prices of raw materials like chemicals, plastics, colors have also increased significantly. The cost of production is increasing by at least 20 percent. In such a situation, increasing the price of everything has become a compulsion for entrepreneurs. Foreign coal has become costlier by 25 percent and domestic coal by 15 percent. The problems are deepening day by day. It has become necessary to find a solution to this quickly.
Prashant Mohota, President, VIA

• Neeraj Nandan’s report from Nagpur on Obnews Live