India: Covid fear weigh down on RB2 prices at Gangavaram port

As buyers moved to sidelines amid fear of lockdown and restrictions due to surging COVID cases, RB2 (5500 NAR) offers at Gangavaram port today fell by INR 100/t d-o-d and were heard at INR 6,500/t. Prices ex-Paradip were assessed at INR 6,800/t, ex-Haldia at INR 7,400/t, and ex-Ennore at INR 7,600/t. With majority stock being sold out, no trades were heard at Mangalore port whereas offers at Vizag remained high at INR 7,000/t despite limited buying interest.


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