Domestic coal prices stayed firm w-o-w on 28 Nov, with 5,000 GCV at INR 6,350/t and 4,500 GCV at INR 5,250/t ex-Bilaspur. Demand has begun to pick up as SECL and ECL schedule frequent auctions ahead of winter requirements. Bidding remained strong in the latest SECL auctions, yet broader market traction stayed weak, reflecting slow industrial offtake despite aggressive participation in the past two events.
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