Author: Shivani Patil
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India: South African thermal coal portside prices drop on lower bids, sufficient domestic availability
Indian sponge iron prices range-bound Thermal coal port stocks rise w-o-w South African thermal coal sentiment remained weak during the week despite continued softening in prices across key Indian ports. Lower imported coal prices failed to stimulate fresh buying interest as consumers continued favouring domestic coal, which remained readily available at more competitive rates. Market…