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South African Coal Prices Climb to Highest in a Month on One-Off Purchase
Jun. 13, 2011 11:25AM PST
Industrial Metals InvestingBloomberg reported that a single purchase of coal from South Africa’s Richards Bay Terminal pushed average prices higher.
Bloomberg reported that a single purchase of coal from South Africa’s Richards Bay Terminal pushed average prices higher.
The market news is quoted as saying:
“Prices did see a surprise spike on June 9, but this was more of a one-off deal” than sustained volume, Miswin Mahesh, an analyst at Barclays Capital in London, said by e-mail without naming the buyer.