Bloomberg News

South African Coal Rises in Longest Streak of Gains Since April

July 09, 2012

Coal export prices rose at South Africa’s Richards Bay, the continent’s biggest terminal for shipping the fuel, the longest streak of increases since April.

Prices added $2.81, or 3.2 percent, to $90.49 a metric ton in the week ended July 6, according to IHS McCloskey data on Bloomberg. That’s a third straight weekly gain. 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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