API2 swaps tumble for third straight day on bearish sentiment

摘要

London — European-delivered API2 (CIF ARA) thermal coal swaps tumbled for a third straight session Wednesday due to continued bearish sentiment in the physical thermal coal market amid comfortable supplies and a lack of additional demand, sources said. Market participants said that there had been the expectation that the market would either remain flat day-on-day or would pick up as participants took advantage of recent falls to do some profit taking. However, API2 swaps continued their downward trajectory.