Tag: India: Imported South African thermal coal portside prices remain stable w-o-w

In the Asian thermal coal market, prices remained stable amid subdued demand from sponge iron producers. Prices for RB3 (4800 NAR) coal at Gangavaram Port were recorded at INR 7,800/, down INR 400/t. Furthermore, prices dropped INR 800/t m-o-m compared to INR 8200/t in January 2024. In India, the market is sufficiently supplied, empowering importers…