Tag: RB2 portside

India: South African RB2 coal offers remain firm despite drop in import prices

Apr 26, 2022

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by

Rituparna Ghosh

in Non Coking

Amid tight coal stock and limited vessel arrivals, South African RB2 (5500 kcal/kg NAR) offers remained firm at INR 23,500/t at Gangavaram Port. While few large traders avoided floating offers, bids from sponge iron manufacturers remained weak as they adopted a wait-and-watch mode. After rising sharply over the last two weeks, RB1 (6000 kcal/kg NAR)…