Portside trading activity of South African RB2 (5500 NAR) grade coal turned sluggish today, as sponge iron manufacturers avoided any major bookings ahead of Diwali. Buyers are also adopting a wait and see approach due to the random decline in imported coal prices. South African RB1 (6000 NAR) grade coal prices for Nov’21 has fallen to $129/t, a decrease of $49/t w-o-w.
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