South African Coal Has First Gain in Four Weeks on Increased China Buying

Bloomberg reported that coal from the Richards Bay terminal is up on increased buying from China.

The market news is quoted as saying:

Prices at Richards Bay, the continent’s largest facility for shipping coal, rose 0.2 percent on average in the four days to June 3 to $118.49 a metric ton, according to data from Petersfield, England-based researcher IHS McCloskey.

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