Wednesday, June 13, 2007

Richards Bay coal prices nudge $60 on tight supply

(Reuters) - Prices of South African coal loading within the next four months rose close to $60.00 a tonne FOB Richards Bay on Wednesday on expectations that tight Asian supply would force consumers to buy from the country, traders and producers said.

A November loading South African panamax cargo traded on Wednesday at $59.40 a tonne in the over-the-counter market.


Read more at Reuters Africa

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