Washington (Platts)--10Feb2011/557 am EST/1057 GMT

There was a mixed session in US over the counter coal markets on Wednesday, with CAPP barge product rebounding from yesterday's lower prices, while Powder River Basin 8,800 continued to see weak demand.

CAPP barge OTC Q2 2011 traded $1/st higher at $71.25/st in Wednesday's session versus Tuesday's Platts assessment, as traders looked to lock up more favorable contract terms.

Q2 2011 traded at $71.90/st for five barges, $70.25/st for five barges, $70.50/st for five barges, $71.75/st for five barges, $72/st for five barges (twice), $71.50/st for five barges, $71.35/st for five barges and $71.25/st for five barges.

There was an upward adjustment further out on the curve as well.

CAPP barge Q3 2011 traded at $73.85/st for five barges, $73.75/st for five barges (three times), $74.25/st for five barges, and $74.75/st for five barges.

CAPP barge Q4 2011 traded at $76/st for 10 barges, $76/st for five barges (three times), and $76.75/st for five barges (twice).

Several CAPP barge spread trades were also reported. There was a Q3 2011 over Calendar 2012 trade at minus $6.50/st for 10 barges and a Q3 2011 over Calendar 2012 at minus $6.40/st for five barges. The final spread trade was Q2 2011 over Q3 2011 at minus $2.50/st for five barges.

Meanwhile, PRB OTC prices found less support in light trading during the session. In the PRB 8,800, there was a pair of financial deals. Calendar 2012 PRB financial traded at $15.80/st and $15.70/st, each for 5,000 st.

--Charlie Noh, chang_noh@platts.com

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