Financial Mail

Demand drops


The price of coal out of Richards Bay has dropped 11% so far this year as concerns around Chinese growth weigh on prices. Thermal coal prices have more than halved since early 2011 as global supply has outstrippe­d demand. Though the Internatio­nal Energy Agency expects demand for coal to grow by more than 2%/year through to 2019, mostly on the back of growing Chinese demand, the falling natural gas and oil prices may have put paid to that.

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