South African Coal Export Prices Fall to Lowest in Nearly a Year
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Coal export prices at Richards Bay, South Africa, the continent’s biggest terminal for shipping the fuel, fell to the lowest level in almost a year, according to data on Bloomberg from researcher IHS McCloskey.
Prices decreased $1.83, or 1.7 percent, last week to an average $106.30 a metric ton, the least since Nov. 26, 2010, following a 1.2 percent decline in the week ended Nov. 4. The price quoted is on a free on board basis, excluding delivery costs.