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Tuesday, February 28, 2012

RBCT steam coal prices advance

Tuesday, 28 Feb 2012

Coal export prices at South Africa’s Richards Bay, the continent’s biggest terminal for shipping the fuel, rose for a second week.

According to IHS McCloskey data on Bloomberg, prices added USD 1.27 or 1.2% to USD 106.11 a metric tonne in the week ended February 24. That’s the highest level since January 27.

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

(Sourced from Bloomberg)

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