CSX coal spot price edges lower, Cal 2015 trades in size
10:48 PM @ Tuesday - 22 April, 2014
The rail-delivered (CSX) Central Appalachian thermal coal spot price followed the European market lower Friday, while the Cal 2015 swap was seen trading in large volume after the 2:30 pm EDT Market-on-Close.
CSX physical May closed lower than the previous session as the European market retraced, with market participants attributing the pullback there to mostly bearish fundamentals.
Meanwhile, CSX financial Cal 2015 was seen trading five times for a total of 30,000 st/month, or about 18% of open interest on ClearPort, after the Platts MOC. The contract traded at $64.80/st and $65/st.
The rail-delivered (CSX) Central Appalachian thermal coal spot price followed the European market lower Friday, while the Cal 2015 swap was seen trading in large volume after the 2:30 pm EDT Market-on-Close.
CSX physical May closed lower than the previous session as the European market retraced, with market participants attributing the pullback there to mostly bearish fundamentals.
Meanwhile, CSX financial Cal 2015 was seen trading five times for a total of 30,000 st/month, or about 18% of open interest on ClearPort, after the Platts MOC. The contract traded at $64.80/st and $65/st.