South African Coal Rises to Highest in a Month on One-Off Deal
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Coal export prices at South Africa’s Richards Bay terminal rose to the highest in almost a month as a single purchase pushed the average higher.
Prices at Richards Bay, the continent’s largest facility for shipping coal, rose 1.6 percent to $120.37 a metric ton in the week to June 10, according to data from Petersfield, England-based research IHS McCloskey. That’s the highest since the week ended May 13 and a 29 percent increase over the past 12 months.