South African coal prices remain unchanged this week with RB2 (5500 NAR) export offers to India reported at $42/t and RB3 grade at $34/t, FoB RBCT port basis for July shipments. The average freight to Indian ports is at $12.5/t. The stock & sale offers for RB2 and RB3 grade coal ex-Gangavaram is assessed at INR 4,300-4,400/t and INR 3,800/t respectively.
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