Author: Shivani Patil
-
India: Portside South African non-coking coal prices fall w-o-w on muted sponge iron demand
Indian portside South African thermal coal prices dropped by INR 200-300/t w-o-w, with RB2 (5,500 NAR) at INR 9,700/t and RB3 (4,800 NAR) at INR 9,500/t, both ex-Paradip as per BigMint’s assessment. The decline was driven by weak demand from sponge iron industries, as falling prices impacted margins. Additionally, improved domestic coal availability made portside…