Swaps spurred by physical bounce

摘要

European coal swaps moved higher for a second day supported by rebounding physical prices and firmer crude. Swaps moved higher in a range of 55-95 cents/t across the curve as the European delivered market rose by $1.08/t today. Argus assessed the cif Amsterdam-Rotterdam Antwerp market at $58.95/t after a 50,000t May cargo was done at $59.50/t des Amsterdam or Rotterdam (AR) today with exchange of futures for physical.