Another volatile day of OTC trading; PRB 8,800, CSX physicals trade

摘要

Another volatile day of trading in the over-the-counter coal market saw a significant number of PRB 8,800 Btu/lb. physical trades, leading to a dollar drop in the assessed price for the front-month contract. Platts assessed the January price for PRB 8,800 at $10.60 st, down $1 from Tuesday. A broker reported the PRB 8,800 front-month contract was “pushed down heavily” after a trader was heard to express concerns about the viability of one of the proposed West Coast export terminals.