India: Domestic non-coking coal prices stable, participation picks up in recent auctions

BigMint assessed Indian domestic 5,000 GCV non-coking coal stable w-o-w at INR 5,500/t, while 4,500 GCV coal remained unchanged at INR 4,050/t w-o-w, both exw-Bilaspur. Market sentiment improved as the recent SECL auction witnessed healthy premiums, particularly for G11 coal, with participation from sponge iron, cement, and power sector buyers. Traders also reported a pick-up in enquiries lately, indicating better interest despite the onset of the monsoon.

Courtesy: BigMint