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South Africa Richards Bay Coal Prices Advance to Two-Month High

Coal export prices at South Africa’s Richards Bay, the continent’s biggest terminal for shipping the fuel, rose for a third week to their highest level in more than two months.

Coal for immediate delivery added $1.14, or 1.3 percent, to $87.57 a metric ton in the week to Nov. 23, according to IHS McCloskey data on Bloomberg. That’s the highest level since Sept. 7. The price is quoted on a free-on-board basis, which excludes delivery costs.

To contact the reporter on this story: Rob Verdonck in London at rverdonck@bloomberg.net

To contact the editor responsible for this story: Lars Paulsson at lpaulsson@bloomberg.net

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