Api2 swaps firm for third day with short covering, strong macro

摘要

European-delivered API2 (CIF ARA) thermal coal swaps firmed for a third consecutive day Thursday, as market players continued to cover short positions and favorable macroeconomics boosted energy commodities. API2 Q2-12 contracts peaked at an intraday high of $106.10/mt, before closing at $105.80/mt, gaining $1.10 onday, while the API2 Cal-13 rose to $113.60/mt before settling at $113.25/mt, up 75 cents.