India: Portside South African coal market stays weak as demand falters

Indian portside offers for South African thermal coal showed mixed movements this week. At Gangavaram, RB2 (5500 NAR) rose INR 50/t w-o-w to INR 8,300/t, while RB3 (4800 NAR) remained stable at INR 7,200/t. Market sentiment remained subdued, with losses limiting trading interest. Offers were uncertain, and portside bookings were minimal, while weak domestic coal demand further weighed on market activity.


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