The coal market is continuing up, with API2 prices approaching the USD 200 mark. In contrast, crude oil dropped heavily yesterday afternoon.
The bull run for coal continues, and prices gained 3-4 dollars on the API2 curve on Thursday. Q3-08 rose three dollars to settle at a midpoint of USD 189.50/tonne, and Q4-08 gained 3.75 dollars to end the day at a midprice of USD 190.50/tonne. Cal 09 rose to USD 186.75/tonne at the close, up 4.25 dollars day on day.According to Perret Associates, the coal market was back to its own funda
Freitag, 20.06.2008, 07:54 Uhr
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