South African Coal Export Prices Increase to Highest in a Month
Coal export prices at South Africa’s Richards Bay, the continent’s biggest terminal for shipping the fuel, increased the most in a month.
Coal for immediate delivery rose $2.90, or 3.4 percent, to $88.52 a metric ton in the week ended Aug. 3, according to IHS McCloskey data on Bloomberg. That’s the highest level since July 6, 2012. The price is quoted on a free-on-board basis, which excludes delivery costs.
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