India: South African portside prices stable for the week

Prices of the South African RB2 (5500 GAR) coal in Indian markets remained unchanged at INR 9,650/t ex-Gangavaram. Prices have hit a three-month low, as per data maintained with BigMint. Prices of RB3 (4800 NAR) at Gangavaram and Vizag ports were recorded at INR 7,700-7,750/t. In talks with market participants, it was heard that RB3 offers are picking up in the market on lower stocks at ports.


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