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India: Sluggish demand weighs on RB2 coal portside price

ABSTRACT

South African RB2 (5500 NAR) grade coal portside prices continued their descent this week as rising COVID-led restrictions in the country disrupted demand from sponge iron sector across various regions.
Due to limited bids, portside prices at key ports (except at Gangavaram) corrected by INR 100-200/t w-o-w basis, with buyers pinning hopes of further correction in prices to place bookings. Portside prices this week *Prices in Inr/t and ex-Cess and GST At Vizag port, majority of RB2 stock have been sold out and

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