South African coal prices firm despite muted buying
South African coal prices edged up at key Indian ports despite muted buying. Exw Paradip, RB2 (5,500 NAR) rose by INR 100/t w-o-w to INR 9,000/t, while RB3 (4,800 NAR) remained stable at INR 7,550/t. Offers rose as traders wanted to test market on price pick up in sponge iron, but firm inquiries stayed limited amid ample domestic coal and rising dollar-linked import costs.