Indian buyers stay vigilant on prices as interest in spot RB cargoes fades

摘要

Buyers of thermal coal in India have backed away from the spot market and seem prepared to wait for a long-expected correction to Richards Bay prices to happen, said sources in the Indian spot market June 15. State-run power utility NTPC's call for 4 million mt of imported thermal coal which closes to price offers on July 12 was reportedly the only outstanding tender in the Indian market this week.