India: Buyers show keen interest in buying South African coal available at ports

S.African RB2 grade stock & sale offers at Haldia port are being heard at INR 5,100/t and at Gangavaram and Kirshnapatnam port in the range of INR 4,100-4,250/t. Imported offers for RB2 grade coal from S.Africa to India are at $37-38/t, FoB RBCT port. The freight from RBCT to Indian ports is around $11/t for panamax vessel.