Richards Bay coal market feels the heat

News Image

MG News | March 19, 2025 at 02:20 PM GMT+05:00

0:00

March 19, 2025 (MLN): The price of Richards Bay coal has fallen to $88.50, marking a decline of $19.35 or 17.94%.

Over the past five years, the contract's trading range has spanned from a low of $106.90 to a high of $110.35.

The contract's trading range over the past six months has remained at $107.85, with no fluctuations.

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.

South Africa increased coal exports from the biggest terminal on the continent for the first time in seven years after an improvement in rail shipments by state-owned logistics company Transnet SOC Ltd.

Miners exported 52.1 million tons from Richards Bay Coal Terminal in 2024, a 10% rise from the previous year, according to a company presentation, as Bloomberg reported.

The shipments roughly match the amount of coal that reaches the facility by rail from inland mines.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 136,379.97
273.10M
0.32%
440.10
ALLSHR 84,648.35
701.94M
0.06%
47.97
KSE30 41,546.23
70.12M
0.42%
172.55
KMI30 191,719.76
71.30M
0.34%
649.79
KMIALLSHR 55,827.74
371.98M
0.16%
89.67
BKTi 37,827.61
18.93M
-1.72%
-662.14
OGTi 27,670.67
7.41M
-0.42%
-117.47
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 119,290.00 119,660.00
117,255.00
2550.00
2.18%
BRENT CRUDE 68.23 69.09
68.15
-0.48
-0.70%
RICHARDS BAY COAL MONTHLY 96.50 0.00
0.00
1.80
1.90%
ROTTERDAM COAL MONTHLY 104.50 0.00
0.00
-1.05
-0.99%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 65.97 67.01
65.87
-0.55
-0.83%
SUGAR #11 WORLD 16.61 16.65
16.55
0.05
0.30%

Chart of the Day


Latest News
July 16, 2025 at 04:06 PM GMT+05:00

PSX Closing Bell: On the Rise


July 16, 2025 at 03:54 PM GMT+05:00

MTL expected to climb to Rs650/share by Dec 2025


July 16, 2025 at 03:52 PM GMT+05:00

PKR falls 29 paisa against USD


July 16, 2025 at 03:44 PM GMT+05:00

Govt to shut down Utility Stores by July 31


July 16, 2025 at 03:26 PM GMT+05:00

Oil prices steady amid mixed global signals



Top 5 things to watch in this week

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