US coal markets managed to sidestep downward momentum in the second week of an unprecedented crisis on Wall Street, moving broadly higher in the week ended Sept 26. As markets of all stripes worldwide tried to determine the extent of the financial crisis fallout, over-the-counter coal futures see-sawed through the week and managed to claw out gains by the end. The Nymex-spec contract ended Sept. 26 at 119 dollars/ton, up 9 dollars/ton on the week. In the GSX spec, fourth-quarter 2008 product ended the week up roughly 4.50 dollars/ton at around 143.25 dollars/ton.
展开▼
