India: Domestic coal prices decline w-o-w amid lower bids

India’s domestic coal prices declined this week amid muted market activity and lower bids in recent auction. Bids fell too, prompting a correction in offers. BigMint’s assessment placed 4500 GCV at INR 5,000/t, down by INR 500/t w-o-w, and 5000 GCV at INR 6,450/t, down by INR 350/t w-o-w, both exw-Bilaspur. This drop follows steady pricing observed last week.