India: Domestic coal prices decline up to INR 500/t ($6) after SECL auction

Domestic coal prices fell this week by INR 400-500/t following the SECL auction on 19 November. According to BigMint’s assessment, the price for 4500 GCV grade dropped to INR 5,500/t, while 5000 GCV grade fell to INR 6,800/t exw-Bilaspur. The auction saw 12 lakh tonnes of coal on offer, with the market showing usual buying activity despite the price decline.