In a confirmed deal, 10,000 t of South African RB2 (5500 NAR) grade coal was sold at INR 9,500/t at Vizag port. While a few traders are offering at INR 9,200-9300/t, this deal at a higher price indicates that portside prices are unlikely to correct anytime soon. In fact, a few sellers are heard holding offers in anticipation of a further rise in prices as the landed cost of RB2 coal for Sept’21 shipment is being evaluated at around INR 10,600/t, informed participants.
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