NCI witnesses decline of 3.4% in June 2024, indicates strong coal accessibility

The National Coal Index (Provisional) has shown a significant decline of 3.48 % in June 2024 at 142.13 points compared to June 2023, where it was at 147.25 points. This notable decrease indicates sufficient availability of coal in the market to meet the growing demands.

The National Coal Index (NCI) is a price index that combines coal prices from all sales channels, viz. Notified Prices, Auction Prices, and Import Prices. It considers prices of coking and non-coking coal of various grades transacted in the regulated (power and fertilizer) and non-regulated sectors.

 

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Additionally, the premium on coal auctions indicates the pulse of the industry, and the sharp decline in coal auction premium confirms the sufficient coal availability in the market.

The impressive growth of 14.58 % in the country’s coal production during Jun’24 as compared to the corresponding period of last year ensures a stable supply to various sectors reliant on coal, significantly contributing to the overall energy security of the nation.

Established with the base year as FY 2017-18, NCI serves as a reliable indicator of market dynamics, providing valuable insights of price fluctuations.

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