India: Portside South African thermal coal offers extend gains as supply disruptions persist

Portside offers for South African thermal coal in India rose for a second consecutive week, supported by continued supply disruptions at RBCT in addition to a hike in domestic sponge offers. BigMint assessed RB2 (5500 NAR) at INR 7,800/t, up INR 100/t w-o-w. The ongoing 20-25 day maintenance at RBCT has restricted vessel loadings, keeping supply tight, although end-user demand in India remains muted.