The five most recent days of trading on the Central Appalachian Coal contract at the New York Mercantile Exchange didn't do much to clarify current market sentiment, at least on the barge side. The front month, June 2007, was up 62 cents during the period, which is a pretty decent move. But third quarter prices were down 20 cents, and fourth quarter numbers were trimmed 35 cents. In 2008, the market receded 45 cents in the first quarter, second quarter prices were down 30 cents, third quarter settlements lost 20 cents, and fourth quarter prices dropped 18 cents.
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