South African Export Coal Price Rises on Speculation About Japanese Buying

Bloomberg reported that prices for coal exports at the Richards Bay terminal in South Africa rose again.

The market news is quoted as saying:

Prices climbed 3.3 percent to $124.74 a metric ton on average last week, according to Petersfield, England-based researcher IHS McCloskey. The gain was the biggest since the week ended Feb. 4.

To read the full market news, click here.