CIF ARA thermal swaps steady as traders eye macro picture

摘要

The front of the Europe-delivered thermal coalswaps curve remained well bid Thursday, with prices furtherout in the curve rangebound as players waited to see theeffect of possible macroeconomic developments oncommodity markets.Platts assessed the CIF ARA front-quarter Q4-15 contractat $53.10/mt, down 20 cents on the day. The year-ahead Cal-16 lost 10 cents on-day to close at $51/mt.