Over-the-counter coal prices fell further Monday, along with the rest of the energy commodity markets and European coal prices.
Platts assessed the front-month CAPP barge price significantly lower at at $70.75/st, down $2.50 from $73.25/st on Friday.
Q2 2011 CAPP barge kept dropping throughout the day, according to market sources with an early trade of $72.75/st, followed by $72.50/st, $72/st and $71.50/st. Platts assessed Q2 2011 CAPP barge at $71.50/st Monday, lower than Friday's close of $74.25/st.
Q3 2011 CAPP barge also lost ground, trading at $75/st for five barges, $74.75/st for five barges and finally at $74.50/st for five barges. Platts assessed the market at $74.50/st Monday, compared with Friday's close of $76.50/st.
In the CAPP rail (CSX) market, the front month also fell, with March trading at $73.25/st for two trains. Platts assessed the market at $73.25/st Monday, down $1.50 from Friday's close of $74.75/st.
There was a CSX financial CY 2012 deal done at $83/st.
Several spread trades were heard including, a CSX financial over NYMEX Q2 2011 at -$2.50, a CSX financial over NYMEX Q2 2011 at -$2.85, a CSX financial over NYMEX Q3 2011 at -2.00, a CSX financial over NYMEX Q3 2011 at -$2.45, a CSX financial over NYMEX Q4 2011 at -$1.75 and a CSX financial over NYMEX Q4 2011 at -$2.25.
Only one physical trade was recorded in PRB 8,800 in H2 2011 at $15.70/st. Platts assessed the market at $15.70/st Monday, 5 cents lower than Friday's close.
No trades were reported in the PRB 8,400 market.
