Near real-time satellite based estimation shows that stockpiles at Richards Bay Coal Terminal (RBCT) remain at low levels near 2.85mt, down 0.7mt from last month.
South African miners are increasingly relying on trucks to transport their minerals to the ports as Transnet, the South African state-owned rail logistics company, is not fulfilling its commitments.
This is leading to stubbornly low stockpiles and low exports for the country.
South Africa’s Minerals Council has said that limited rail capacity costs bulk commodity exports at least $2bn/year in lost revenue.
Source: DBX Commodities