Domestic thermal coal prices in India increased w-o-w following the latest SECL auction. 4500 GCV stood at INR 5,000/t, up INR 250/t, while 5000 GCV was at INR 5,900/t, up INR 350/t, both exw-Bilaspur. However, trades remained sluggish, as buying interest was limited. While sponge iron prices saw an uptick, many coal buyers refrained from making bulk purchases, expecting market stability in the near term.
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