South African thermal coal prices at Indian ports declined further this week, as buying activity remained muted amid material oversupply and cautious sentiment. RB2 (5500 NAR) at Gangavaram fell INR 100/t w-o-w to INR 7,800/t, while RB3 (4800 NAR) slipped by INR 50/t to INR 6,850/t. Indian portside thermal coal stocks rose 3% w-o-w to 15.40 mnt in week 22 of CY’25, reflecting continued arrivals despite poor offtake.
Leave a Reply