After a price rally last week, RB2 (5500 kcal/kg NAR) grade portside coal prices at Gangavaram port moved down by INR 300-400/t and are currently being traded at INR 4,600-4,700/t (ex-Gangavaram). Prices are exclusive of cess and GST. The fall in portside prices is being attributed to a drop in API index by $2-3/t and reluctance by buyers to accept higher offers.
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