The Anthracite Coal market in India is moving along the expected lines. There was no improvement in the sluggish market conditions, and no improvement in the demand could also be expected in the future.
On the pricing front, the offers have remained steady at the rates in the week last. The latest offers for the coal were assessed at around USD 135/MT FoB, which translates into around USD 147/MT CFR India.
Source: CoalMint Research
In India, imports of the coal have remained insignificant due to the lackluster demand prevailing in the country. The sluggish demand arises on account of the buyers preferring alternate fuels. According to the data gathered by CoalMint Research, only 16,910 MT of the coal was imported in India so far within this month. The lone consignment was procured by Rawmet from Russia through the Haldia port.
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