India: South African RB2 coal offers rise at major ports

With only limited stocks at Indian ports coupled with supply concerns in the country of origin, sellers were heard offering RB2 (5,500 NAR) grade coal at increased rates of INR 8,400-8,600/t. However, no trade was concluded at these levels, as Indian sponge manufacturers chose to opt for domestic coal, which is cheaper by INR 500-600/t. At Mangalore port, RB2 coal was heard quoted at INR 8,600/t, while at Haldia the price stood at INR 10,000/t.