Coal export prices at South Africa’s Richards Bay, the continent’s biggest terminal for shipping the fuel, rose for a third week to their highest level in more than two months.
Coal for immediate delivery added $1.14, or 1.3 percent, to $87.57 a metric ton in the week to Nov. 23, according to IHS McCloskey data on Bloomberg. That’s the highest level since Sept. 7. 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 firstname.lastname@example.org
To contact the editor responsible for this story: Lars Paulsson at email@example.com