Market sources said that OTC look-alike prices opened higher on Monday, trading upward through the morning and early afternoon session before paring some gains ahead of the New York close.
Despite this upward momentum, market turnover levels were extremely low.
Powder River Basin and CSX physical products were not reported to have traded on Monday.
Trading in near-term NYMEX look-alike products was shut out on Monday.
The nearest-term contract to trade was Q1 2011, which priced at $62.50/st for five barges.
Q2 2011 traded once at $64.50/st for five barges, 20 cents higher than the prior Platts assessment of $64.30/st. Calendar year 2011 traded once at $66.00/st for 10 barges, or 50 cents higher than Friday's Platts assessment.
There were no reports of PRB 8,800-Btu/lb, PRB 8,400-Btu/lb, CSX rail-delivered 12,500-Btu/lb, -1% sulfur or Norfolk Southern 12,500-Btu/lb, -1% sulfur physical trades on Monday.
Volume in the paper market was equally low. CSX swaps traded once in a spread trade of front-half 2011 over back-half 2011 at a discount of $4.65/st for 5,000 st.
China Chemical Weekly: http://news.chemnet.com/en/detail-1411716.html
