1st to 10th January 2024 - NATIONAL COAL PRICE INDEX

Question 1

What is the National Coal Price Index (NCI)?

Answer 1

A price index that combines coal prices from various sales channels (Notified Prices, Auction Prices, Import Prices) to track market fluctuations

Question 2

What are the three components that create the NCI?

Answer 2

Notified Prices
Auction Prices
Import Prices

Question 3

What is the base year for the NCI?

Answer 3

2017-18

Question 4

Who releases the National Coal Index?

Answer 4

The Ministry of Coal (India)

Question 5

Why is the NCI important?

Answer 5

It gives valuable insights into price fluctuations within the coal market.

Question 6

How did the NCI perform in November 2023 compared to November 2022?

Answer 6

It showed a decline of 17.54% (155.09 points vs. 188.08 points).

Question 7

What does a decline in the NCI generally indicate?

Answer 7

A stronger supply of coal within the market and sufficient availability to meet demands.

Question 8

How did non-coking coal prices change in November 2023 compared to the previous year?

Answer 8

They decreased by 25.07%.

Question 9

How did coking coal prices change in November 2023 compared to the previous year?

Answer 9

They increased by 5.79%.

Question 10

When did the NCI observe its historical peak?

Answer 10

June 2022

Question 11

What are the benefits of sufficient coal availability as suggested by the NCI readings?

Answer 11

Meets growing energy demands
Supports long-term energy requirements
Creates a more resilient and sustainable coal industry
Contributes to a prosperous future