Back-end swaps extend gains as contango widens

摘要

Swaps rose Wednesday to build on gains made the previous session following a three-day weekend in London as strength in the back of the curve widened the contango in the coal curve. At the end of trading, Platts assessed the API2 (CIF ARA) year-ahead Cal-10 contract at $85/mt, up $1.10/mt on the previous day's close.