India: RB2 coal portside prices remain range-bound at Vizag

In a confirmed deal, 16,000 t of South African RB2 (5500 NAR) grade coal has been sold at INR 15,500/t at Vizag, while another 4,000 t of RB2 has been sold at INR 15,200/t at Gangavaram. Portside RB2 prices continue to remain range-bound as most sponge iron manufacturers are keeping on the sidelines amidst anticipation of further price correction.