South African RB2 coal offers at Gangavaram port up by INR 100/t

As the South African coal index moved up by $2 at the start of the week, the RB2 grade (5500 kcal/kg) port stock offers also increased by INR 100-150/t w-o-w to INR 4,600-4,700/t (excluding cess and GST) ex-Ganagavarm port. The API price index moved up amid mines’ closure in Australia.