After being at a six-year high in July, the spread between Central Appalachia (CAPP) thermal coal and thermal coal delivered into Northern Europe fell to its lowest level in nearly four years Wednesday.
CIF ARA 6,000 kcal/kg coal, for delivery in the next 15 to 60 days to Amsterdam, Rotterdam or Antwerp, was assessed Wednesday by S&P Global Platts at a six-month low of $85.95/mt, while rail-delivered (CSX) CAPP coal for December delivery was assessed at $77.75/st.