Bloomberg News

South African Coal Prices Fall to Lowest Level in Three Months

March 12, 2012

Coal export prices at South Africa’s Richards Bay, the continent’s biggest terminal for shipping the fuel, fell to their lowest level in three months.

Prices (CLSPSARB)declined 50 cents, or 0.5 percent, to $103.85 a metric ton in the week ended March 9, the least since Dec. 16, according to IHS McCloskey data on Bloomberg.

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 at mstrzelecki1@bloomberg.net

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


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