India: South African RB2 coal sold at INR 9,800/t at Vizag

In a confirmed deal, 5,000 t of South African RB2 coal was sold at INR 9,800/t at Vizag Port, while 10,000 t of RB2 coal was sold at INR 10,000/t at Gangavaram Port. Amidst a sharp fall in South African coal prices, enquiries from sponge iron manufacturers have risen sharply. RB1 (6000 NAR) prices are at $118.3/t FOB, down $17/t in a single day.