South African Coal Prices Decline to Lowest Level in Six Weeks

March 5 (Bloomberg) -- Coal export prices at South Africa’s Richards Bay, the continent’s biggest terminal for shipping the fuel, declined to the lowest level in six weeks.

Prices fell $1.76, or 1.7 percent, to $104.35 a metric ton in the week ended March 2, the least since Jan. 20, according to IHS McCloskey data on Bloomberg.

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 at mstrzelecki1@bloomberg.net

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