South African Coal Export Prices Fall to Lowest in Three Months

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

Coal for immediate delivery decreased $1.55, or 1.8 percent, to $84.61 a metric ton in the week ended Sept. 28, according to IHS McCloskey data on Bloomberg. That’s the lowest weekly price since June 22.

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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