Portside South African thermal coal prices in India remained largely stable w-o-w as demand for imported coal weakened further. RB2 (5500 NAR) prices held steady at INR 8,600/t, while RB3 (4800 NAR) continued to trade at INR 7,250/t at Gangavaram Port. With domestic coal availability improving, buyers are increasingly preferred local supplies, leading to weak portside offers and bids falling by INR 100-200/t.
Leave a Reply