Short-dated NYMEX look-alike traded at $65.50/st, unchanged from Platts' assessment Wednesday, while long-dated calendar year 2011 traded at $69.50/st, down 5 cents from the prior session assessment.
Prices pressed lower into the close of trade, pushing Thursday's closing prices into losses for the 10th consecutive session.
Commenting on the multi-week decline in OTC coal prices, trading sources said that with the peak of summer heat having passed, the upward move seen in coal over June and July may have passed as well. Market sources indicated that long-dated interest showed buyers and sellers have turned fuel-buying attention outside of 2010, and into 2011 and 2012.
Short-dated look-alike trades included September 2010 at $65.50/st for five barges and one spread trade of Q4 2010 over Q1 2011 at a discount of $1.00/st for five barges.
Into 2011, Q3 look-alike traded at $70.35/st for five barges once, at $70.75/st for 10 barges and for five barges twice. Q4 2011 traded at $71.50/st for five barges reportedly two times, while the contract also traded at $71.45/st for five barges.
CY 2011 traded once at $69.50/st for five barges.
Q1 2012 look-alike traded at $74/st for five barges and at $73.75/st for five barges.
PRB 8,800 physical was reported to have traded once on Thursday in the September 2010 contract at $14.75/st for the delivery of one train. The contract price was unchanged from Platts' Wednesday assessment.
PRB 8,800 financial derivatives traded in one spread of Q4 2010 over Q1 2011, with an underlying price of $14.60/st over $14.65/st for 15,000 st.
China Chemical Weekly: http://news.chemnet.com/en/detail-1403616.html
