South African Coal Prices Decline to Lowest Level in Six Weeks

Coal export prices at South Africa’s Richards Bay, the continent’s biggest terminal for shipping the fuel, declined to the lowest level in six weeks.

Prices (CLSPSARB) fell $1.76, or 1.7 percent, to $104.35 a metric ton in the week ended March 2, the least since Jan. 20, according to IHS McCloskey data on Bloomberg.

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: Stephen Voss at sev@bloomberg.net

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