India: South African thermal coal market stays soft as demand remains muted

South African RB2 and RB3 thermal coal prices at Gangavaram held steady w-o-w at INR 8,300/t and INR 7,200/t, respectively. Market activity stayed dull, with limited trades and weak buying interest due to the rainy season. Despite this, high ocean freights continued to keep offers firm. Overall, the market remained soft, with limited support expected in the near term.


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