Q2 2011 look-alike traded at $68.75/st, 15 cents above Monday's Platts assessment and ahead of the $68.45/st that traded during the prior session.
CSX 12,500-Btu/lb, -1% sulfur prices held broadly unchanged, as the product failed to draw substantial trading interest.
Prices in the Powder River Basin 8,800-Btu/lb market pushed lower, driven by downward pricing action in the financial market and a lower spread trade in front-month physical terms.
Turnover in look-alike markets declined substantially from Monday. Q12011 traded once at $67.25/st for five barges. Market sources indicated that following the trade, the bid/ask spread pushed higher, moving above Platts' Monday assessment of $67.40/st.
Look-alike contracts saw the best volume in the Q2 2011 contract, trading at $68.35/st for five barges, before pushing higher to trade at $68.60/st for five barges twice, and $68.75/st for five barges.
Q3 2011 traded once in the look-alike market at $70.15/st for five barges. Q3 traded at $70/st even on Monday, and was previously assessed at the same figure.
In the PRB 8,800 physical market, front-month December 2010 traded in a spread over January 2011 at a premium of 40 cents. The prior November 2010 over January 2011 Platts implied spread stood at a premium of 5 cents on Monday.
PRB 8,800 financial traded in the Q1 2011 term at $13/st for 10,000 st and in the Q2 2011 contract at $13.35/st for 10,000 st.
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