Coal prices rose on Monday due to hopes a multi-billion dollar US stimulus package will be ratified, in addition to hedging by utilities and stronger freight prices, said one player.
The Q2 09 contract in the API 2 window closed at USD 83.50/tonne, up USD 4.25 on the previous close, according to one broker. Further out, Cal 10 gained USD 4.75 to close at USD 91.75/tonne.
The hope that a multi-billion economic stimulus package would be passed by the US Senate was having a positive impact, a trader said.
In addition, utilities were hedging their dark
Dienstag, 10.02.2009, 09:05 Uhr
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