India: Indonesian 5000 GAR coal prices up INR 2,500/t on week at Magdalla

Amid low stockpiles and a fast-rising Indonesian coal index, 10,000 t of 5000 GAR coal was sold at INR 15,500/t at Magdalla Port compared to INR 13,000/t on 8 Oct’21. Owing to domestic coal shortage and the rising trajectory of import prices, the coal-consuming sectors continue procuring material at higher rates. Vessel arrivals from Indonesia also remained limited amid heavy rains.