Author: Shivani Patil
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India: Thermal coal inventories edge up amid cautious buying
Buyers focus on requirement-based deals Monsoon induces cautious sentiment in market India’s thermal coal inventories at major ports increased marginally by 0.6% w-o-w to 15.61 mnt in week 22 from 15.53 mnt in week 21, indicating continued comfortable supply conditions despite mixed evacuation trends across ports. Market participants stated that industrial consumers largely maintained requirement-based…