(Bloomberg) -- The price of coal shipped from South
Africa's Richards Bay, site of the largest export terminal for
the fuel, fell to a four-week low after Chinese producers stepped
in to supply Japan after Australian shipments were halted.
The price dropped $2.30, or 3.9 percent, to $56.90 a metric
ton as of July 6, according to weekly data from McCloskey Group
Ltd. Total shipments from the port, the main source of coal for
European power plants, increased 18 percent last month to 5.45
million metric tons, even after a temporary closure because of
high waves that could be dangerous for ships.
Read more at Bloomberg Energy News
Africa's Richards Bay, site of the largest export terminal for
the fuel, fell to a four-week low after Chinese producers stepped
in to supply Japan after Australian shipments were halted.
The price dropped $2.30, or 3.9 percent, to $56.90 a metric
ton as of July 6, according to weekly data from McCloskey Group
Ltd. Total shipments from the port, the main source of coal for
European power plants, increased 18 percent last month to 5.45
million metric tons, even after a temporary closure because of
high waves that could be dangerous for ships.
Read more at Bloomberg Energy News
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