Front-end CIF ARA thermal futures pressured to flatten backwardation further

摘要

Front-end Europe-delivered CIF ARA thermal coal futuressaw the most pressure Wednesday, flattening the curve’sbackwardation even more, with sources noting supply-demandfundamentals remained bearish.Platts assessed the CIF ARA the front-quarter Q3-16 contract at$48.65/mt, falling 30 cents on the day, and the year-ahead Cal-17 at$47.35/mt, rising 20 cents.