India: RB2 portside prices correct further at Gangavaram port

In a confirmed deal, 10,000 tonne of RB2 coal has been sold at INR 6,600/t ex-Gangavaram port, down by INR 100/t d-o-d basis. With limited inquiries, offers in Vizag and Haldia were heard at INR 7,000/t, and INR 7,500/t respectively, while at Mangalore, majority stock have been sold out, informed market participants. A further correction in portside prices in  anticipated in coming days.


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