South African Coal Export Prices Decline Most in 18 Months

Coal export prices at South Africa’s Richards Bay, the continent’s biggest terminal for shipping the fuel, fell the most in almost 18 months.

Coal for immediate delivery lost $4.99, or 5.5 percent, to $85.50 a metric ton in the week ended July 13, according to IHS McCloskey data on Bloomberg. That’s the biggest decline since Jan. 21, 2011. 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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