Bloomberg News

South African Coal Export Prices Decline Most in Four Weeks

January 16, 2012

Jan. 16 (Bloomberg) -- Coal export prices at South Africa’s Richards Bay, the continent’s biggest terminal for shipping the fuel, declined the most in four weeks.

Prices fell 76 cents, or 0.7 percent, to an average $105.89 a metric ton in the week ended Jan. 13, according to data on Bloomberg from IHS McCloskey. That’s the steepest decrease since Dec. 16. The price is quoted on a free-on-board basis, which excludes delivery costs.

--Editors: Alessandro Vitelli, Randall Hackley.

To contact the reporter on this story: Marek Strzelecki in Warsaw mstrzelecki1@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net


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