Bloomberg News

South African Richards Bay Coal Falls for First Time in 4 Weeks

April 16, 2012

Coal export prices at South Africa’s Richards Bay, the continent’s biggest terminal for shipping the fuel, declined for the first time in four weeks.

Prices (CLSPSARB) dropped 94 cents, or 0.9 percent, to $102.57 a metric ton in the week ended April 13, 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: Rob Verdonck in London at rverdonck@bloomberg.net

To contact the editor responsible for this story: Lars Paulsson at lpaulsson@bloomberg.net


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