rb coal up on indian demand , page-6

Yes Mihal.

Seems that 100 to 110/T is the sweetspot for the Indians to come back to the market.This COULD be an oversold price too given they have much more expensive stockpiles sitting on their docks waiting on inland buying which may well be waiting on this cheaper stuff to factor down the expensive stuff at caostal stockpiles.

Previous indications were that Indians were quite happy to buy out to as much as 120/T but perhaps not in a declining global economic climate and those expensive stock at their ports.

d.