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South African Coal Prices Have Second Weekly Advance This Month

Feb. 27 (Bloomberg) -- Coal export prices at South Africa’s Richards Bay, the continent’s biggest terminal for shipping the fuel, rose for a second week.

Prices added $1.27, or 1.2 percent, to $106.11 a metric ton in the week ended Feb. 24, according to IHS McCloskey data on Bloomberg. That’s the highest level since Jan. 27.

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

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