India: South African coal market unstable amid index fluctuations, weak buying

South African RB2 (5500 NAR) thermal coal was stable at INR 7,600/t and RB3 (4800 NAR) at INR 6,600/t, down INR 150/t w-o-w exw-Gangavaram. CNF Gangavaram prices held steady, with RB2 at $80/t and RB3 at $69/t. Indices rose $8-9/t last week amid Iran-Israel tensions, dropping by $5/t recently. Sentiment remains unpredictable, with traders cautious as spot indices fall amid limited buying.


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