Amidst limited inquiries from sponge iron manufacturers, portside offers for South African RB2 (5500 NAR) grade coal fell to INR 20,000/t, down by INR 500/t w-o-w at Gangavaram Port. Traders are avoiding any sharp correction in offers amid limited availability at ports. RB1 (6000 NAR) grade prices are assessed at $255/t FOB as on 29 Mar’22, down by $34/t w-o-w.
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