Central Appalachia over-the-counter thermal prices ended their five-day winning streak Tuesday, as low trading volumes in the session probably signified some profit taking, one source said.
Price assessments were taken down along the entire forward curve, with the CAPP barge front months back in contango.
CAPP barge April prices dropped $1.75/st to $71.50/st, while May contracts were reduced by $1.25/st to $71.75/st.
CAPP barge Q2 2011 traded at $71.70/st for five barges. Q3 2011 traded at $73/st for five barges. Q4 2011 traded at $75/st for five barges twice.
CAPP barge Q2 2012 traded at $79.15/st for five barges.
A CAPP barge spread trade was also reported: Q3 2011 over Q4 2011 traded at a discount of $2/st for five barges twice.
In the thinly traded CAPP rail (CSX) physical market, April 2011 traded at $69.50/st for six trains, and at $69.75/st for one train.
Front month CSX physical contracts dipped $1.75/st to end the session at $69.50/st.
Powder River Basin product in the West, which has been less correlated to economic cycles, traded modestly lower during the session. April 8,800-Btu/lb prices declined 5 cents/st to $13.60/st.
PRB April 2011 physical traded at $13.50/st, and $13.60/st, each for one train. Q2 2011 physical traded at $13.85/st for one train twice.
No trades were reported on the IntercontinentalExchange electronic trading platform.
