MARKETS

Barge demand down

CENTRAL Appalachian barge demand is low, according to commodities news organisation Platts.

Noel Dyson
Barge demand down

CAPP barge pricing are reportedly staying in the $US42-43 per short ton range, down from about $US52/st at the same time last year.

There are concerns that producers will not be able to survive on those price levels.

Even the hot August nights were of little help.

Brokers reported a brief uptick in CAPP barge demand from utilities with spot deals for 12,500 British thermal units per pound averaging about $US50/st.

Recent deals for distressed, lower quality thermal coal have been down in the mid-$30/st range.

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