India: South African RB2 coal sold at INR 16,300/t at Haldia Port

In a confirmed deal, 25,000 t of South African RB2 (5500 NAR) coal was sold at INR 16,300/t at Haldia Port, while a rake was sold at INR 15,100/t at Gangavaram Port for Feb’22 arrival. Despite rising enquiries from sponge iron manufacturers, limited stocks at ports compelled traders to hold offers. A majority of the incoming vessels over the next few weeks have been booked, market participants informed.