By Nicholas Larkin - Feb 14, 2011
Australian coking coal fell for a second week. Benchmark European coal derivatives declined for the first time in three days.
Hard prime coking coal from Australia sold for $318.25 a metric ton on average in the week to Feb. 11, down 2.1 percent from $325 the week before, according to Petersfield, England- based researcher IHS McCloskey.
Thermal coal from South Africa’s Richards Bay, site of the continent’s biggest export facility for the fuel, declined 5 percent to an average $114.89 a ton for the week, McCloskey said. That’s the lowest price since the week ended Dec. 17.
Coal for delivery to Amsterdam, Rotterdam or Antwerp with settlement next year fell 0.4 percent to $117 a ton at 11:20 a.m. in London. The data are drawn from information supplied by ICAP Plc, GFI Group Inc., Spectron Group Ltd., Tullett Prebon Plc, Credit Suisse Group AG, McCloskey, Bloomberg and Tradition Financial Services.
(By Nicholas Larkin,London sourced;bloomberg)
Tags:Australian coking coal prices, benchamark, European coal derivatives, declined, hard prime coking coal, IHS McCloskey, South African thermal coal prices, Richards Bay Coal Terminal, coal for delivery to Amsterdam,Rotterdam,Antwerp, ICAP Plc,GFI Group Inc, Spectron Group Limited, Tullett Prebon Plc, Credit Suisse Group AG,
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