US over-the-counter coal prices closed mixed on Tuesday, with only a handful of trades seen across the Central Appalachian and Powder River Basin coal markets.
CSX physical June traded at $60.25/st for one train twice. The price was assessed unchanged at $60.25/st.
CSX physical Q3 2014 (Big Sandy Rate District) was heard to have traded at $63/st for undisclosed tonnage.
CSX financial Q3 2014 traded at $62.65/st for 5,000 st/month, and at $62.60/st for 5,000 st/month. The physical price was assessed at $62.60/st, down 15 cents/st.
CSX financial Q4 2014 over Cal 2015 traded at minus 75 cents/st for 80,000 st/month over 20,000 st/month.
CAPP barge Q4 2014 traded at $65/st for five barges/month. The price was assessed down 10 cents/st to $65/st.
PRB 8,800-Btu/lb physical June traded at $13.05/st for one train. The price closed 5 cents/st lower to $13.05/st.
CIF ARA SPOT MARKET DROPS TO TWO-MONTH LOW
European-delivered CIF ARA physical thermal coal prices dropped to its lowest level since early March, following a sparsely populated brokered market and an extension of the bearish sentiment, sources said.
A 50,000-mt multi-origin June DES Amsterdam cargo with US optionality traded through the globalCOAL screen at $72.10/mt, down 65 cents from a similar trade Monday and the lowest CIF ARA deal since March 11.
A similar volume multi-origin July DES Amsterdam-Rotterdam shipment traded bilaterally at $74.50/mt with exchange of futures for physical (EFP) terms attached, 75 cents lower on the day.
The CIF ARA-FOB CSX spread, or implied transportation spread, narrowed to $13.18/mt from $13.83/mt on Monday.
US East Coast thermal coal (6,500 kcal/kg NAR 1% sulfur) was assessed down 50 cents/mt to $76.75/mt.
