South African RB2 (5,500 NAR) grade coal prices at Mangalore port were assessed at INR 8,800/t amid limited availability of domestic coal in the southern region. Traders expect portside prices to remain elevated amid rising RB1 (6,000 NAR) grade coal price and export uncertainties from South Africa. The Transnet port terminals have declared force majeure at all ports including RBCT following last week’s cyber attack.
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