The anthracite coal market in India has remained lackluster since long due to sluggish demand, despite strong international consumption, because of the country’s end buyers preferring alternate cheaper coal types over anthracite coal.
As a matter of fact, the global offers for anthracite coal are soon expected to go up because of rising international spot prices of alternative coal types used as steelmaking raw materials – coking coal, metallurgical coke, breeze coke et al.
Hence, on the pricing front, there was no downturn in the international offers for the coal in the past week due to strong international demand.
The latest offers for anthracite coal hover around USD 138/MT FOB, which translates into around USD 151/MT CFR India; unchanged from the preceding weekly assessments.
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