Domestic thermal coal prices in India saw a slight decline this week. 4500 GCV was assessed at INR 4,750/t, down by INR 50/t w-o-w, while 5000 GCV stood at INR 5,550/t, also down by INR 50/t, both exw-Bilaspur. Market sentiment was cautious, as domestic offers are expected to change following the latest SECL auction. Prices will likely face downward pressure, amid higher quantities available through auctions and improved supply of key grades. Buyers may delay purchases in expectation of further declines, adding to the subdued demand.
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