India: South African coal offers stable amid fall in sponge prices

Portside offers for South African thermal coal in India held steady this week, with RB2 (5500 NAR) assessed at INR 7,800/t and RB3 (4800 NAR) at INR 6,800/t exw-Gangavaram, unchanged from last week. However, offers heard around INR 8,000-8,100/t ex for RB2 but deals are absent at higher side. Fall in sponge prices in the last few days keep the portside offer under pressure.


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