Few cargoes of Russian coal traded to India: sources Russian 5,500 kcal/kg NAR FOB at $60/mt discount to Newcastle coal Indian stockpiles dwindling, sufficient for 8 days of the burn Payment mechanism to buy Russian coal remains sticking point India is looking to procure Russian origin coal, leveraging the steep discounts offered by the latter compared to the Australian and the South African origin material amid a decline in stockpiles at domestic power plants, market sources told S&P Global Commodity Insights April 18. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Sources said that India bought 5,500 kcal/kg NAR coal from Russia at $160-$165/mt CFR India for an April-loading Capesize ship in the week ended April 16, adding that the freight between Russia and West coast India was at around $35-$36/mt. This implies a deep discount to the price that Indian buyers are offered compared […]