Tag: Russia-Ukraine tension

South Africa: Russia-Ukraine conflict drives RB1 coal prices higher by $38/t in a day

Mar 1, 2022

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by

Rituparna Ghosh

in Non Coking

After falling sharply by $18/t on 25 Feb’22, South African RB1 (6000 NAR) grade coal prices rose again by a whopping $38/t d-o-d to $262/t FOB on 28 Feb’22, as the geopolitical tension between Russia and Ukraine continued to intensify. The ongoing conflict is seen limiting coal and gas supplies from Russia, thereby pushing European…