Isra-Mart srl: Prices mixed in coal OTC market on low volume

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Trading volume was meager in the over-the-counter market on Friday as oil and natural gas both dropped 2% and the Atlantic coal market was mixed.

Prices were mixed as Platts assessed Central Appalachian barge slightly higher on the front half and Central Appalachian rail (CSX) down for most of the curve.

Platts did not hear or confirm any CAPP barge or physical CAPP rail trades.

Platts assessed July CSX physical down 50 cents to $76.50/st and August down $1 to $76/st.

Q3 traded at $75.50/st for 20,000 st. Platts assessed the physical price down $1 to $76/st and the Q4 price down 25 cents to $77.25/st.
Since Platts assessed the Q1 physical price up 20 cents to $78.70/st, this spread implied a Q3 2012 price of $81.45/st.

CSX financial Cal 2012 traded at $80.75/st for 20,000 st and for 10,000 st. Platts assessed the contract at that price, down 5 cents.

In CAPP barge, Platts assessed the July contract up 15 cents to $76.65/st, August up 15 cents to $76.65/st, Q3 up 15 cents up $76.65, Q4 up 15 cents to $77.15/st, Q1 2012 unchanged at $79/st, and Cal 2012 unchanged at $81.25/st.

July Norfolk Southern 1% traded at $79/st for one train.

Cal 2012 PRB 8800-ex. Black Thunder traded at $15.20/st for one train.

Since Platts assessed the Cal 2012 contract for generic PRB 8800 at $14.80, this implied a 40 cent/st spread premium for the 8800-ex. Black Thunder specification. Platts assessed July PRB 8800 unchanged at $13.25/st, August up 10 cents to $13.25/st, Q3 unchanged at $13.25/st, Q4 unchanged at $13.55/st and Q1 2012 unchanged at $14.05/st.

PRB 8400 prices remained unchanged throughout the curve.