South African Coal Export Prices Decrease Most in Six Weeks

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

Coal for immediate delivery decreased $1.98, or 2.2 percent, to $88.27 a metric ton in the week ended Aug. 24, according to IHS McCloskey data on Bloomberg. That’s the steepest decline since the week ended July 13. 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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