Tag: 5500 NAR
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High freight rates deter Indian buyers from booking Australian thermal coal
Blame it on the mismatch between bids ($54-55/t) and offers ($58-59/t) for Australian (5500 NAR) thermal coal, no major deals were heard this week, as per CoalMint reports. Moreover, increase in freight rates to the tune of $26/t for panamax vessels between Newcastle and India and anticipation of its correction in coming weeks deterred Indian…