Summary
With the global demand for coal surging over the past few days, state-run Coal India (CIL) is relying on the newly-instituted single window for e-auction to fetch higher premiums. The new facility has come in handy for the coal miner, as domestic and international coal markets are increasingly moving towards price parity.
Average global coal prices across grades for the past week were around $ 437 per tonne (free on board), up more than 150% from a month ago, Market Insider, a minerals market tracker, said. New Castle futures recorded a price of $430/tonne, up around 145% from the level prevailing before the Ukraine-Russia conflict. The government has long bee......