India: Domestic coal prices hold steady w-o-w; upside likely

Domestic coal prices remained stable w-o-w, with BigMint assessing 5000 GCV at INR 5,000/t exw-Bilaspur and 4500 GCV at INR 4,500/t. Market participants expect prices to edge up in the coming weeks, supported by higher imported coal offers and gradual demand improvement from the steel sector, which is providing a floor to domestic market sentiment.