Tag: Stock n sale
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India: RB2 portside prices up by INR 500/t w-o-w ex-Gangavaram fuelled by surging FoB prices
The changing of months is usually a challenging time for South African coal resellers at Indian ports to arrive at an offer price, and especially when the index seems to move drastically. For instance, the API4 index towards November-end was trending at around $68/t and on 1 Dec’20, it moved up by $16/t to $84/t. Similarly, the Indian portside prices for RB2 (5500 NAR) in November-end was assessed at INR 5,500/t, which subsequently increased to INR 6,000/t ex-Gangavaram at the…