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South Africa Richards Bay Coal Increases First Time in Six Weeks

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

Coal for immediate delivery gained $1.08, or 1.3 percent, to $85.92 a metric ton in the week to Feb. 1, according to IHS McCloskey data on Bloomberg. That’s the first weekly gain since Dec. 21.

The fuel 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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