High coal prices set new record
Washington DC (Platts)--21Jun2004
The Platts benchmark physical delivered European coal marker, CIF ARA, 90-day forward delivery, hit a new record Monday at $74/mt. The previous high was $70.90/mt set in February, although it had been as high as $70.33/mt at the end of May. The difference in this new record high is that it is being driven, not by high freight rates as in the past, but by high coal prices.
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