South African coal cargo trades at $49.80/tnadmin
A March loading cape-sized cargo of South African coal traded on Monday at $49.80 a tonne, FOB Richards Bay, market sources said.
The buyer and seller were unknown.
Earlier on Monday, a March loading South African coal cargo was offered at $50.25 a tonne, FOB Richards Bay, on electronic trading platform globalCOAL.
More buyers have emerged this week for prompt South African tonnes, traders and suppliers said. Last week, almost all the buying interest was from Indian traders seeking handymax cargoes.
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