India: South African Portside coal prices decline further amid weak demand

Portside South African thermal coal prices in India dropped this week, driven by a slowdown in enquiries and rise in port stocks. RB2 (5500 NAR) prices decreased by INR 100/t to INR 8,600/t, while RB3 (4800 NAR) remained steady at INR 7,250/t at Gangavaram Port. The increase in port stock and reduced buying interest contributed to the downward price trend.


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