India: South African RB2 portside prices fall marginally on low buying interest

South African RB2 (5500 NAR) grade coal offers fell marginally on 19 May’21 averaging INR 7,550/t for recent stocks, while old stock trades have been heard at INR 7,200/t due to reduced demand from sponge iron manufacturers. Lockdown restrictions are in place in many states and any improvement in domestic demand is expected only by the first week of June’21, CoalMint notes.