While S.African RB2 (5500 NAR) grade coal portside offers rose marginally by INR 100/t today, a bulk quantity deal has been heard to be finalised at INR 6,850/t ex-Gangavaram. A sharp rise in API4 index due to Transnet’s rail disruption, limited stock at RBCT port supported offers. However, domestic demand remained subdued due to the uncertain trajectory of COVID-19 situation.
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