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Richard bay coal bounces back from key level

Richards bay coal futures gain 1% in a week
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June 13, 2023 (MLN): Richard bay coal rebounded from a historical level and finally got some relief after sinking to levels not seen since 2021.

Richard bay coal contract for the month of June 2023 (LVM23) currently stands at $105.45, up 5.24% in this month.

Meanwhile in FYTD, Richard bay coal is down 42.38%, and by a massive 77.08% from the peak which was in March 2022.

Richard bay coal Monthly is a futures contract that is based on the price of coal loaded at the Richards Bay Coal Terminal in South Africa.

It is traded on the ICE/EU exchange and has a contract size of 1,000 metric tonnes.

Richard bay coal Daily Time-frame:

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Posted on: 2023-06-13T14:50:23+05:00