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BusinessApr 06, 2026 02:43 PM

India coal auction prices rise on seaborne volatility

Singapore, 6 April (Argus) -- Premiums at India's domestic coal auctions rose sharply in March with industrial buyers moving to secure supply following a surge in seaborne coal prices and freight rates, led by the US-Iran conflict and pre-summer restocking by power utilities. State controlled Coal India (CIL) -- which meets about three-quarters of India's coal needs -- recorded an average premium of 45pc in its March electronic auctions over the notified prices applied to long-term contracted s ...Read More >

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