Fifteen ships were queuing at the Richards Bay Coal Terminal in South Africa Wednesday, down slightly from 17 two weeks earlier, according to cFlow, S&P Global Platts trade flow software
Fifteen ships were queuing at the Richards Bay Coal Terminal in South Africa Wednesday, down slightly from 17 two weeks earlier, according to cFlow, S&P Global Platts trade flow software. The reduction of the queue is understood to be caused by an easing of supply tightness which had been in place for the last few months, although sources said the current situation was not having much direct impact on prices. “Nothing seems seriously delayed” a sell side source said. Stocks at the terminal were heard to be around 4 million-4.3 million mt, having been below the 4 million mt level for most of May.
