Coal export prices at South Africa’s Richards Bay, the continent’s biggest terminal for shipping the fuel, declined most in five months.
Coal for immediate delivery dropped $3.11, or 3.5 percent, to $86.62 a metric ton in the week to Dec. 14, the biggest drop since July 13, according to IHS McCloskey data on Bloomberg.
The fuel is quoted on a free-on-board basis, which excludes delivery costs.
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