Euro swaps climb with physical pricing

摘要

Swap prices on the European over-the-counter market have again soared over 1 dollar/metric tonne (mt) higher on the back of fresh buying by large investment banks and traders. Much of the buying strength was triggered by a clutch of prompt and curve deals done at firmer levels. On Global Coal's des ARA contract, two February capesize cargoes traded at 126.00 dollars /mt and 126.50 dollars /mt, respectively. Delivery is into Amsterdam or Rotterdam and both cargoes are multi-source.