CiF aRa coal swaps rebound $1/mt on gas rally

摘要

European-delivered API2 (CIF ARA) financial coal swaps rebounded $1/mt across the curve Thursday, driven up by a significant morning rally in the UK NBP prompt gas market, according to market sources. The previous day, front-end API2 swaps had been shorn of $1.60/mt as an excess of offers knocked down physical coal prices.