Bloomberg News

South African Coal Export Prices Fall to Lowest in 21 Months

June 11, 2012

Coal export prices at South Africa’s Richards Bay, the continent’s biggest terminal for shipping the fuel, dropped to the lowest level in 21 months.

Prices fell $3.49, or 3.9 percent, to $86.08 a metric ton in the week ended June 8, according to IHS McCloskey data on Bloomberg. That’s the lowest level since Sept. 24, 2010.

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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