Coal export prices at South Africa’s Richards Bay, the continent’s biggest terminal for shipping the fuel, increased for the first time in six weeks.
Coal for immediate delivery gained $1.08, or 1.3 percent, to $85.92 a metric ton in the week to Feb. 1, according to IHS McCloskey data on Bloomberg. That’s the first weekly gain since Dec. 21.
The fuel is quoted on a free-on-board basis, which excludes delivery costs.
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