Tag: API Index

South African coal index moves up by $2/t amid positive sentiments

Sep 28, 2020

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by

Aditi Tiwari

in Non Coking

S.African API index today opened at $65.5/t against last week’s closure of $63.5/t. RB2 and RB3 grade coal is assessed at $51.5/t and $40.4/t respectively, FoB basis. This rise can be attributed to supply curbs by key coal exporters like Australia, Indonesia, and Colombia. However, in India, the portside offers for thermal coal continue to…