Market for OTC CAPP barge coal dwindles as utility demand declines
The Central Appalachian barge coal market has been shrinking for years, and recently a significant amount of CAPP tonnage has been taken out of production on bankruptcies and mine closures.
CAPP barge coal spot prices fall to fresh multi-year lows
The price was assessed at $59.10/st, down $1.35/st.A Q1 2013 put option with an exercise price of $60/st traded at $2.25/st for 20 barges, at $2.50/st for 10 barges, and at $2.75/st for 20 barges.