India: South African RB2 coal sold at INR 22,500/t at Vizag Port

In a confirmed deal, 2000 t of South African RB2 (5500 kcal/kg NAR) grade coal was sold at INR 22,500/t at Vizag Port. Another deal of 4,000 t was at 23,000/t at Haldia Port. Elevated imported coal rates aided portside RB2 prices to remain resilient. Several sponge iron players also made advance bookings, as a panamax vessel for June-loading was booked at $270/t CIF India.