Hat size describes Monday OTC coal volume

摘要

An over-the-counter broker, confessing that he had been busy with other tasks and not able to concentrate on the coal market, said Monday he would "eat my hat" if coal futures prices were not on the rise, along with crude oil and natural gas. The hat was safe in a lightly traded market in which December 2008 NYMEX look-alike traded at 81 dollars/short ton, while Q2 2009 look-alike traded at 61 dollars/st and 61.50 dollars/st. Meanwhile, in the CSX-origin 12,500-Btu/lb, -1 percent sulfur coal market, 10 contracts/month of the CY 2010 over CY 2009 spread were dealt in a financial swap at 1 dollars, while five contracts/ month of CY 2010 traded in a financial swap at 63.75 dollars/st.