South Africa Richards Bay Coal Prices Advance to Two-Month High
Coal for immediate delivery added $4.41, or 5.4 percent, to $86.43 a metric ton in the week to Nov. 16, according to IHS McCloskey data on Bloomberg. That’s the highest level since Sept. 7. The price is quoted on a free-on-board basis, which excludes delivery costs.
Prices may fall this week, Bevan Jones, a general manager at London Commodity Brokers Ltd., said in a weekly note.
“South African coal is not pricing into most destinations with Colombian coal comprising most cargoes into Amsterdam- Rotterdam-Antwerp,” Jones wrote.
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