Spot steam Coal prices move up on the back of increase in demand.
Currently, the price for South African 6000 NAR grade of coal is at $88/MT (FOB Richards Bay) and that of Indonesian 3800 GAR and 4200 GAR stands at $33.50 and $42 (FOB).
Prices have increased compared to previous prices, whereas on the other hand market for Australian coal of 6000 NAR grade is hovering at $88/MT (FOB).
Dollar is being traded at 54.50 against Rupee, Prices for thermal coal is to see further hike in the near future term said a source based in Mumbai.
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