In coal OTC, CAPP prices climb in heavy volume
Post Date: 29 Sep 2011 Viewed: 443
Tuesday's over-the-counter coal market extended the recent trend of high volumes, but trading was seen only in the Central Appalachian barge and rail (CSX) contracts, with prices rising in both, especially at the front of the curve.
Volumes have not fallen below 200,000 st/session since September 16.
Powder River Basin contracts did not trade and prices remained unchanged.
In CAPP barge, November traded for $74.75/st for five barges. Platts assessed November up 75 cents to $74.75/st and December up 65 cents to $74.65/st.
Q1 2012 traded three times for 74.75/st for five barges each. Platts assessed Q1 up 55 cents to $74.40/st
Q1 2012 call with a strike of $76.50/st traded for $1.25 twice for 10 barges.
Q2 2012 traded for $75.75/st for five barges and $75.50/st twice for five barges. It was assessed up 60 cents to $75.50/st.
Platts assessed the Q3 2012 contract up 55 cents to $76.55/st.
Q4 2012 traded for $77.50/st for five barges and at $77.55/st for five barges.
Cal 2012 traded for $76/st for five barges and was assessed for the same, up 50 cents.
Cal 2013 traded for $79.40/st for five barges.
Q1 2013 over Q4 2012 traded for a premium of $1.10/st for 10 barges.
Platts did not hear any trades for the standard CSX physical 12,500 Btu contract.
However, front-half 2012 CSX physical 12,300 Btu/lb over CSX financial 12,500 Btu/lb traded for a discount of $1.25/st for one train over 10,000 st.
CSX financial November-December traded for $77/st for 25,000 st, and Platts heard it trade at $76.50/st for 5,000 st as well. December CSX financial traded for $77/st for 25,000 st.
Platts assessed November physical up 75 cents to $77.50/st and December physical up 75 cents to $77.50/st as well.
Q1 2012 CSX financial traded twice at $75.75/st for 10,000 st and once for 5,000 st. Platts assessed Q1 physical up 60 cents to $76/st.
CSX financial Q2 2012 traded for $76/st for 5,000 st and twice for 10,000 st. It also traded at $76.50/st four times for 5,000 st, once for 10,000 st and once for 15,000 st. Platts assessed the physical contract at $76.90/st, up 60 cents.
Platts assessed the Q3 physical contract up 40 cents to $77.75/st.
Cal 2012 CSX financial traded for $76.90/st for 5,000 st. Platts assessed the physical contract up 50 cents to $77.50/st.
CSX financial Cal 2013 traded for $80.40/st for 5,000 st.