South African Coal at 1 1/2 Month-Low; Buying Moves to Indonesia

The price of coal shipped from South Africa’s Richards Bay Coal Terminal, the continent’s largest export facility for the fuel, fell to the lowest in six weeks as buyers opted for Indonesian supplies.

Prices fell 2.4 percent last week to an average $120.90 a metric ton, data from Petersfield, England-based IHS McCloskey show. That’s the lowest since the week ended April 1. They’ve risen 36 percent in the past 12 months. South Africa has boosted exports to Asia as the Chinese and Indian economies expand, firing demand for power. That’s weakened recently, according to Amrita Sen, an analyst with Barclays Capital in London.