National Coal Index declines by 33.8 per cent in May 2023

The National Coal Index (NCI) has declined by 33.8 per cent in May 2023 at 157.7 points compared to May 2022, where it was at 238.3 points, indicating a strong supply of coal in the market, with sufficient availability to meet the growing demands.

Similarly, the NCI for non-coking coal stands at 147.5 points in May 2023, reflecting a decline of 34.3 per cent compared to May 2022, while coking coal index stands at 187.1 points in May 2023, with a decline of 32.6 per cent. The peak of NCI was observed in June 2022 when the index reached 238.8 points. However, subsequent months have experienced a decline, indicative of abundant coal availability in the Indian market. NCI is a price index that combines coal prices from all sales channels, including notified prices, auction prices and import prices. The downward trend in the NCI signifies a more balanced market, aligning supply and demand.