Australian Coking Coal Drops a Second Week; European Prices Fall
Australian coking coal fell for a second week. Benchmark European coal derivatives declined for the first time in three days.
Hard prime coking coal from Australia sold for $318.25 a metric ton on average in the week to Feb. 11, down 2.1 percent from $325 the week before, according to Petersfield, England- based researcher IHS McCloskey.
Thermal coal from South Africa’s Richards Bay, site of the continent’s biggest export facility for the fuel, declined 5 percent to an average $114.89 a ton for the week, McCloskey said. That’s the lowest price since the week ended Dec. 17.
Coal for delivery to Amsterdam, Rotterdam or Antwerp with settlement next year fell 0.4 percent to $117 a ton at 11:20 a.m. in London. The data are drawn from information supplied by ICAP Plc, GFI Group Inc., Spectron Group Ltd., Tullett Prebon Plc, Credit Suisse Group AG, McCloskey, Bloomberg and Tradition Financial Services.
To contact the reporter on this story: Nicholas Larkin in London at nlarkin1@bloomberg.net
To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net.
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