South African 4,800 kc NAR exports lose to domestic market

摘要

South African exports of 4,800 kc NAR type material are dropping, as producers look to pocket more money by selling the material into the domestic market. An industry official said the export door closed for regular 4,800 kc NAR material when prices fell below $50.00/t FOB Richards Bay. Current domestic prices are around $44.00/t FOB mine (ZAR600/t), which is at almost parity with current export FOB prices.