Bloomberg News

South African Coal Prices Have First Weekly Increase in a Month

March 26, 2012

Coal export prices at South Africa’s Richards Bay, the continent’s biggest terminal for shipping the fuel, increased for the first week in a month, ending the longest falling streak since November.

Prices (CLSPSARB) gained 15 cents, or 0.2 percent, to $103.20 a metric ton in the week ended March 23, the first increase since Feb. 24, 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: Lars Paulsson in London at lpaulsson@bloomberg.net


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