Richards Bay Coal loses June gains in a week

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MG News | July 11, 2023 at 11:19 AM GMT+05:00

July 11, 2023 (MLN): Richards Bay Coal wiped out all the gains from June in just the second trading week of July.

Richards bay coal contract for the month of July 2023 (LVN23) is currently trading at $98.6, down by 11.69% in this month.

Richards Bay Coal Weekly Time-frame chart

Meanwhile, year-to-date, Richard bay coal is down 61.93%, and by a massive 78.57% 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.

Richards Bay Coal DailyTime-frame chart

Copyright Mettis Link News 

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