Tag: RB1

South Africa: RB1 prices rise by $119/t in a single day amidst strong European demand

Mar 3, 2022

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by

Rituparna Ghosh

in Non Coking

South African RB1 (6000 NAR) grade prices rose to $430/t FOB as on 2 Mar’22 in a recent deal, making it one of the most expensive trade ever transacted. Prices moved up by $119/t d-o-d and by over $200/t on w-o-w basis amidst a sharp rise in European coal demand. SWIFT sanctions on Russian banks…