Bloomberg News

South African Coal Prices Have Second Weekly Advance This Month

February 27, 2012

Coal export prices at South Africa’s Richards Bay, the continent’s biggest terminal for shipping the fuel, rose for a second week.

Prices (CLSPSARB) added $1.27, or 1.2 percent, to $106.11 a metric ton in the week ended Feb. 24, according to IHS McCloskey data on Bloomberg. That’s the highest level since Jan. 27.

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

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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