CIF ARA thermal coal swaps recover marginally after four-day bear-run

摘要

London—The European-delivered CIF ARA thermal coal swaps market ticked up a touch Thursday, with market sources commenting that prices had taken a break from their four-day bear-run. Platts assessed the API2 front-quarter Q2-14 contract at $80.35/mt, rising 35 cents on-day and the year-ahead Cal-15 at $85.15/mt, up 5 cents. One producer source pointed out that the gains had been almost negligible, adding that prices had fallen almost $2 in less than a week, which he said had perhaps been “overkill” considering there were still coal supply issues in Colombia. According to Platts data, Q2-14 contracts fell $1.65 over the preceding four days.