India: Domestic coal prices drop further, buyers await clarity amid upcoming CIL auctions

India’s domestic coal prices continued to decline this week. BigMint’s assessment showed that 4500 GCV coal was at INR 4,900/t, down by INR 50/t w-o-w, while 5000 GCV coal stood at INR 6,200/t, a drop of INR 200/t, exw-Bilaspur. Buyers are delaying purchases, expecting further reductions with upcoming CIL subsidiary auctions.