Indonesia Thermal Swap Contracts Drop

Bloomberg reported that sub-bituminous coal swap contracts from Indonesia fell along with prices for China deliveries.

As quoted in the market news:

The June 2012 contract for Indonesian sub-bituminous coal with a heating value of 4,900 kilocalories a kilogram fell 60 cents to $73.90 a metric ton on a net as-received basis yesterday, according to data from the energy broker. Swaps for the third quarter of 2012 were $1 lower at $73 a ton.

Click here to read the full Bloomberg report.