India: Portside prices of US thermal coal remain stable w-o-w

Indian portside prices of US-origin thermal coal held steady w-o-w at INR 10,150/t ex-Kandla. Market participants attributed the stability to weak buying interest and limited end-user demand. The absence of the usual post-festive demand rebound, coupled with adequate domestic coal availability and muted power sector procurement, further contributed to sluggish market activity.