Amid limited supply, S.African RB2 (5500 NAR) grade offers for recent stock rose to INR 7,750/t ex-Gangavaram, while old stock were at INR 7,400/t. Demand from buyers remained under pressure as bids were reported much lower than offer prices, while hardly any trades were heard. Sellers expect portside prices to rise further on rallying API4 index, rise in freight charges.
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