Bloomberg News

South African Coal Export Prices Increase Most in 18 Months

July 02, 2012

Coal export prices at South Africa’s Richards Bay, the continent’s biggest terminal for shipping the fuel, increased the most in 18 months.

Prices added $3.79, or 4.5 percent, to $87.68 a metric ton in the week ended June 29, according to IHS McCloskey data on Bloomberg. That’s the steepest gain since the week ended Dec. 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


The Good Business Issue
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus