Euro Coal-South African coal prices rise again

Mon Dec 21, 2009 4:59pm GMT

LONDON, Dec 21 (Reuters) - Prices rose again on Monday for South African coal to be delivered into Europe early next year, while multi-origin prices held steady after rising late last week.

Two 75,000-tonne cargoes of South African coal for loading in March next year out of Richards bay were traded at $76.00 and then $76.60/tonne via broker screens, traders said, compared with a trade at $75.50 last Friday.

A 50,000 tonne cargo of multi-origin coal for March also traded at $80.90 DES ARA, around the level paid for a similar cargo at the end of last week.

The market was thin because of the Christmas and New Year holidays. (Reporting by Daniel Fineren, editing by Anthony Barker)


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Source: http://uk.reuters.com/article/idUKLDE5BK1S020091221

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