Coking coal prices on a CFR remained stable as there has been no change in price. The price has been locked at ₹199-200 per tonne. The seasonal resurgence in infrastructure and construction activity following the monsoon is accelerating steel production, thereby supporting the need for a steady supply of coking coal. As domestic restocking continues, there has been anticipation that coking coal prices will remain stable through August, provided the demand momentum from the Indian steel sector continues.

Outlook:

Prices are anticipated to remain stable throughout the month, with the potential for a slight upward trend if demand continues to hold and no major disruptions affect the coking coal market.