CIF ARA front-led strength continues, prompt swaps gain $1

摘要

European thermal coal swaps continued to rallystrongly at the front of the forward curve, gaining over $1on-day Friday, with traders saying there were as yet no clearfundamental signals justifying the buy-up.Platts assessed the CIF ARA front-quarter Q3-15 contractat $59/mt, up $1.05 on the day and the year-ahead Cal-16 at$58.40/mt, up 45 cents.