Google Website Translator Gadget

Thursday, December 29, 2011

Steam coal market in low activity

Thursday, 29 Dec 2011

Reuters reported that physical prompt coal markets saw little activity in the first full day of trading after Christmas on Wednesday and in the absence of spot trades to give price direction, coal was largely tracking the oil, as it has for the past few months.

There was little coal trading activity on Wednesday as many traders were bridging the Christmas and New Year holidays.

No physical trades were heard, but February South African Richard's Bay cargoes saw a bid/offer range of USD 104.75 to USD 107.15 per tonne, and March cargoes saw a range of USD 105.50 to USD 108.

(Sourced from Reuters)

No comments: