In three confirmed deals for about 38,000 t, South African RB2 grade coal was sold at an average price of INR 8,850/t ex-Gangavaram on 10 Aug'21, while offers from a few direct importers stood higher at INR 9,300/t. Demand for RB2 coal is gathering pace amid the pickup in sponge iron and billet demand. Depleting coal inventory at ports coupled with fewer vessel arrivals from South Africa in the coming weeks is pushing portside RB2 coal prices higher.
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