India: Domestic coal prices remain firm w-o-w amid tight SECL supply

Domestic coal prices remained supported this week despite overall dull demand. BigMint assessed 5000 GCV at INR 5,000/t exw-Bilaspur, unchanged w-o-w, while 4500 GCV rose by INR 100/t to INR 4,500/t. The price support stems from constrained supply due to monsoon-hit operations at SECL, which has also reduced its e-auction frequency. Notably, recent SECL auctions saw strong buyer response, further reinforcing firm spot prices.


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