Tag: API4 Index

India: South African RB2 portside prices rally amid limited stock and rising index

May 14, 2021

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by

Rituparna Ghosh

in Non Coking

Portside prices for South African RB2 (5,500 NAR) grade coal rose further by INR 500/tonne week-on-week (w-o-w) across major ports. Limited stockpiles at ports, rising API4 index and escalating freight rates are compelling traders to raise prices. Portside RB2 coal prices Port May’21 W1 May 14 Ex-Gangavaram 7,000 7,550 Ex-Haldia 8,000 8,200 Ex-Mangalore 7,100 7,595…