South African Coal Declines to 2 1/2-Month Low

- May 23rd, 2011

Bloomberg reported that buyers are preferring Indonesian coal sources, which has driven down South African coal exports.

Bloomberg reported that buyers are preferring Indonesian coal sources, which has driven down South African coal exports.

The market news is quoted as saying:

Prices fell 1 percent to $119.74 a metric ton on average last week, according to Petersfield, England-based researcher IHS McCloskey. That’s the lowest since the week ended March 4.

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