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0.00% 46.0¢ ikwezi mining limited

update, page-44

  1. Jonathan111
    2,885 Posts.
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    20/07/13
    14:55
    Post #: 12088600


    For South African coal, FOB prices at Richards Bay port are hovering at USD 90 a tonne. Combined with freight rates of USD 16 to USD 17, their landed price into China stands at about USD 107 a tonne.

    http://www.coalguru.com/africa_north_america/freight_rates_draw_south_africa_and_colombia_coal_to_asia_traders/11225

    Sun,

    Does this $90 us relate to spot price? Does futures pricing tend to move toward spot pricing? Or is spot pricing of coal in SA quite sporadic?
    IKW Price at posting: 3.6¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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