Market for thermal coal remains unchanged with low buying
interest and vessel freight expected to become dearer in near term.
Currently the market for 6000 NAR in Richards Bay Coal Terminal stands at$83/MT FOB
basis converting to $102.50/MT on Supramax while reaching to India, on the
other hand price for Grade of 3800 GAR Indonesian coal declined slightly to
reach $32.50/MT converting to $44.50/MT reaching India on Supramax.
Freight of the vessels coming to India is expected to
increase due to very less out borne of the cargoes from India said a source
from Mumbai The market for imported coal looks firm in near future he further
added.
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