South African Export Coal Rises on Speculation of Japan Buying
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Export-coal prices at South Africa’s Richards Bay terminal, the continent’s biggest facility for the fuel, rose the most in more than two months on speculation Japanese power generators were buying the fuel.
Prices climbed 3.3 percent to $124.74 a metric ton on average last week, according to Petersfield, England-based researcher IHS McCloskey. The gain was the biggest since the week ended Feb. 4.