South African RB2 (5500 NAR) coal portside offers are up today and are in the range of INR 5,700-5,900/t ex-Gangavaram amid a rise in API4 index. While buyers are reluctant to accept the raised offers with bids being heard at 5,400-5,500/t, the sellers are refusing to lower the offers citing higher cost of imports, resulting in no major trades being concluded.
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