Tag: April

South Africa: RB1 coal Apr’22 index falls sharply on bearish global sentiments

Mar 21, 2022

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by

Rituparna Ghosh

in Non Coking

The South African RB1 (NAR 6000 kcal/kg) coal index for Apr’22 plunged $104/t w-o-w to $221/t FOB on 18 March. The March index averaged $350/t on FOB basis. However, the vessels booked as part of the April index will arrive in May. The sharp fall resulted from bearish sentiments due to the fresh Covid upsurge…