Bloomberg News

South African Coal Export Prices Fall to Lowest in Three Weeks

February 13, 2012

Feb. 13 (Bloomberg) -- Coal export prices at South Africa’s Richards Bay, the continent’s biggest terminal for shipping the fuel, decreased to the lowest level in three weeks.

Prices fell 89 cents, or 0.8 percent, to an average $104.83 a metric ton in the week ended Feb. 10, according to data on Bloomberg from IHS McCloskey. That’s the lowest level since Jan. 20.

The price is quoted on a free-on-board basis, which excludes delivery costs.

--Editors: Alessandro Vitelli, Rob Verdonck.

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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