Tag: South African portside thermal coal prices in India

As per BigMint’s assessment, South African RB2 (5500 NAR) thermal coal prices rose w-o-w to INR 8,500/t from INR 8,450/t ex-Gangavaram, while RB3 (4800 NAR) was stable w-o-w at INR 7,200/t. The uptrend is attributed to production issues in South Africa, which has resulted in fewer cargoes and reduced portside stocks in India. However, buying…