In a confirmed deal, 10,000 t of South African RB3 (4800 NAR) coal was heard sold at INR 10,400/t at Gangavaram Port. The price of RB1 (6000 NAR) coal for Jan’22 is assessed at $157/t and the discount on RB3 coal is at $17/t. There is an acute coal shortage at Richards Bay Port Terminal in South Africa, with stocks estimated at 1.9 mn t.
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