Richard Bay Coal sinks to lowest level since June 2021

News Image

MG News | May 15, 2023 at 02:22 PM GMT+05:00

May 15, 2023 (MLN): Richard Bay Coal for the month of May 2023 (LVK23) closed the week at $112.50 on Friday, marking a decline of 7.41%, the contract will expire on 26 May.

Notably, this is the lowest level since June 2021 when it fell to $115.75, before the massive run to new peaks.

It is down by around 32% Year to date (YTD) in 2023, and by around 75.5% from the peak which was in March 2022.

Meanwhile, the June contract (LVM23) closed the week with a massive decline of 10.41% to stand at $107.95 on Friday.

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.

Copyright Mettis Link News 

Related News

Name Price/Vol %Chg/NChg
KSE100 170,506.31
634.15M
-0.36%
-609.51
ALLSHR 102,597.99
1,100.83M
-0.03%
-32.82
KSE30 51,021.03
79.10M
-0.89%
-457.52
KMI30 244,736.28
154.00M
-0.41%
-995.51
KMIALLSHR 66,770.85
754.12M
0.18%
120.54
BKTi 46,874.09
27.88M
-0.86%
-405.50
OGTi 35,621.25
6.98M
-0.23%
-83.69
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 81,300.00 82,215.00
80,840.00
-885.00
-1.08%
BRENT CRUDE 105.11 105.35
104.23
0.90
0.86%
RICHARDS BAY COAL MONTHLY 110.00 0.00
0.00
-5.00
-4.35%
ROTTERDAM COAL MONTHLY 109.70 110.00
108.15
2.60
2.43%
USD RBD PALM OLEIN 1,191.50 1,191.50
1,191.50
0.00
0.00%
CRUDE OIL - WTI 98.99 99.28
98.00
0.92
0.94%
SUGAR #11 WORLD 14.95 14.99
14.60
0.26
1.77%

Chart of the Day


Latest News
May 12, 2026 at 06:40 AM GMT+05:00

MG Morning Breeze: Updates to Skim before Market


May 11, 2026 at 05:27 PM GMT+05:00

Pakistan cancels third LNG spot tender


May 11, 2026 at 05:06 PM GMT+05:00

PSX drops ESBL from SLB & Margin Financing list



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg