New IB OTC product could bring clarity to market: brokers

摘要

The new Illinois Basin over-the-counter product approved last week by the Coal Trading Association, while likely to provide the market with a more reliable measure to price interest in IB coal, seems tailored toward one producer, Foresight Energy, say market participants. As approved by nearly unanimous vote, according to the Arlington, Virginia-based CTA, the specification calls for an 11,400-Btu product with roughly 5.5 lbs. SO2, with a maximum chlorine of 0.35%.