Tag: 5500 NAR Prices

Waning demand of South African coal, coupled with devaluating INR as well as Rand, depressed current market to go down to USD 48/MT CFR level for RB2 (5500 NAR). South African 5500 NAR, mostly trade in India by sponge manufacturers, collapsed this week at USD 48/MT CIF India, delivered east coast ports in Oct’15 end.…