PRICES for coal shipped from South Africa Bay posted a seventh successive gain yesterday and reached the highest level in almost a year, driven by Chinese demand. China is the world’s biggest coal consumer and imported 13- million tons in November, up from 2,2-million tons a year earlier.
Power-station coal inventories in northern, eastern and central China are falling because of weather-related disruption to deliveries, the China Business News reported yesterday.
Export prices at Richards Bay, Africa’s biggest coal-export facility and Europe’s largest single source of the fuel, rose by 3,75, or 4,8%, to an average of 81,20 a ton in the three days to December 31 according to the Business Day report.
Business Day - 2010/01/05 WWW.DIRECTINVESTMENT.BIZ
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