Bloomberg News

South African Richards Bay Coal Price at 19-Month Low

May 15, 2012

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

Prices declined 16 cents, or 0.2 percent, to $97.21 a metric ton in the week ended May 11, according to IHS McCloskey data on Bloomberg. That’s the lowest level since Oct. 29, 2010.

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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