Tag: API4 Index

India: RB2 coal portside offers surge as API4 index escalates to $100/t

May 7, 2021

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by

Rituparna Ghosh

in Non Coking

S.African RB2 (5500 NAR) grade coal portside offers rose sharply at INR 7,400/t ex-Gangavaram due to rise in API4 index as reopening of rail line connecting Mpumalanga mines to RBCT port remained uncertain. Bids at this rate were limited and hardly any trades were heard. In a confirmed deal 2,000 tonne RB2 coal in Haldia…