South African Coal Export Prices Fall to Lowest in Two Weeks

Feb. 6 (Bloomberg) -- Coal export prices at South Africa’s Richards Bay, the continent’s biggest terminal for shipping the fuel, decreased to the lowest level in two weeks.

Prices fell $1.45, or 1.4 percent, to an average $105.72 a metric ton in the week ended Feb. 3, according to data on Bloomberg from IHS McCloskey. That’s the lowest level since Jan. 20.

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 mstrzelecki1@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net