London price hike jacks up OTC

摘要

A 2 dollars/short ton hike on the London coal market Wednesday was seen as having led a rush to US over-thecounter coal and a 4 dollars - 5 dollars/st rise in NYMEX look-alike coal. "The European markets were up, and it looks like they just decided to get some coal under their belts," a US coal broker said, with much of the trading being done by just a couple of entities, said another. During the day, August/September 2008 look-alike traded at 123.50 dollars/st, Q3 2008 traded at 123 dollars/st, Q4 2008 traded at 124 dollars/st and 124.50 dollars/st, and was heard to have traded at 125 dollars, 122.25 dollars/st, and 123 dollars/st, and a 125 dollars/st Q4 2008 call option on 10 barges/month was heard to have traded at 7.70 dollars.