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South African Coal Export Prices Fall to Lowest in 19 Months

Coal export prices at South Africa’s Richards Bay, the continent’s biggest terminal for shipping the fuel, dropped to the lowest level in 19 months.

Prices fell $2.34, or 2.4 percent, to $94.87 a metric ton in the week ended May 18, according to IHS McCloskey data on Bloomberg. That’s the lowest level since Oct. 22, 2010.

The price is quoted on a free-on-board basis, which excludes delivery costs.

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