Coal prices continued up yesterday, contributing to weakening prices for carbon allowances. Crude oil prices dropped in spite of lower oil inventories than expected.
Coal prices went up for the second day, largely on the back of tightness in the freight market. On the API2 curve, the front quarter gained 1.65 dollar to settle at a midpoint of USD 155.40/tonne, while Q4-08 increased correspondingly to USD 155.80/tonne. Cal 09 closed at a midpoint of USD 149.75/tonne, up 1.50 dollars from the previous close.Rising coal prices resulted in heavy selling
Donnerstag, 15.05.2008, 08:37 Uhr
Redaktion
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