India: RB2 portside trades deflate as buyers step back

South African RB2 (5500 NAR) portside offers today opened higher by INR 300-400/t at INR 6,800/t ex-Gangavaram, INR 7,100/t ex-Mangalore, INR 7200/t ex-Haldia, and INR 7,100/t ex-Mangalore. Major portside suppliers are anticipating a further hike due to the rising API4 index, however, the buyers have taken a backseat citing procuring at the current offer levels as unviable.


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