Us spot NAPP sold into india

摘要

An Indian cement producer has purchased two prompt-deliveryBaby Capes of United States (US) Northern Appalachian (NAPP)thermal coal loading out of Baltimore.The buyer paid $108/t CIF Kandla (west coast), basis 6,900 kcNAR, for a 3.0% sulphur material for February and March loading.Freight costs are estimated at $25-26/t, leaving an FOB net backprice of $82-83/t FOB Baltimore.