Tag: RB2 portside
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India: RB2 portside trade muted on sluggish demand from sponge iron units
Portside trade in South African RB2 (5,500 NAR) grade coal remained largely muted this week amidst sluggish demand from sponge iron manufacturers. However, a few traders were heard to be liquidating their stocks at lower rates of INR 7,700-7,800/tonne (t), against the average offers of INR 8,300-8,400/t. Increased plot rent and demurrage charges as well…