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National Coal Index

GS Paper III Indian Economy

Context:

The National Coal Index has shown a significant decline of 33.8% in May 2023 at 157.7 points compared to May 2022, where it was at 238.3 points.
- The declining trend indicates a strong supply of coal in the market, with sufficient availability to meet the growing demands.

About National Coal Index (NCI):

NCI is a price index that combines coal prices from all sales channels, including notified prices, auction prices and import prices.
Composition: It is composed of a set of five sub-indices: three for Non Coking Coal and two for Coking Coal.
Base Year: 2017-18
Significance:
- It serves as a reliable indicator of market dynamics, providing valuable insights into coal price fluctuations.
- It reflects the change of price level of coal in a particular month relative to the fixed base year.

Additional Information:

Characteristics	Non-Coking / Thermal/ Steam Coal	Coking / Metallurgical Coal
Uses	Power generation and Industrial processes.	Steel Making.
Ash Content	Higher	Lower
Calorific Value	High	Moderate to Low

News Source: Livemint

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