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Monday, January 30, 2012

South African Coal Export Prices Rise to Highest Since November

Mon, Jan 30, 2012

Coal export prices at South Africa’s Richards Bay, the continent’s biggest terminal for shipping the fuel, advanced to the highest level in nearly three months.

Prices (CLSPSARB) rose $3.26, or 3.1 percent, to an average $107.17 a metric ton in the week ended Jan. 27, according to data on Bloomberg from IHS McCloskey. That’s the steepest increase since Dec. 23 and the highest level since Nov. 4.

The price is quoted on a free-on-board basis, which excludes delivery costs.

(sourced Bloomberg)

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