New Delhi, March 26 The domestic coal market is witnessing rising demand and price pressure as the West Asia crisis is triggering an energy crisis, while the power sector remains steady on the back of coal and renewables, mjunction services said on Thursday.
According to mjunction services, a B2B e-commerce platform and joint venture between Tata Steel and Steel Authority of India, coal auctions are signaling early signs of rising demand and price pressure, but within a phase of controlled tightening rather than a sharp surge.
"Early indicators of tightening demand-supply dynamics and firming prices are visible in India's coal auction market, though the trend is gradual rather than broad-based," mjunction MD Vinaya Varma told