Coal news and updates

Price of CSX front-month contract drops to almost nine-year low

The depressed Central Appalachian rail (CSX) front-month contract traded three times Tuesday in the US over-the-counter thermal coal market, dropping the contract's price to its lowest total in almost nine years.

Brokers reported three CSX front-month (November) trades Tuesday at $35.50/st for one train (11,000 st), with one deal coming after the 2:30 pm EDT assessment deadline.

Platts assessed the contract price at $35.50/st, down $1.25 from Monday, based on the physical trades.

The last time the CSX front-month contract was assessed lower was January 29, 2007, when its price was $35.45/st.

source: http://www.platts.com