globalCOAL has announced that it will limit bids, offers and trades in the fixed price Phys RB market to multiples of 25 000 t only. This clip size limit will commence from 13 June 2015 and finish at the end of December 2015.
All other volumetric sizes will be addressed in the Phys API4 Index market and by globalCOAL’s voice brokerage service.
The change is considered to tackle apprehensions voiced by globalCOAL market members about bidding activity in unusual clip sizes.
Edited from Press Release by Harleigh Hobbs
Read the article online at: https://www.worldcoal.com/coal/09062015/restricting-the-richards-bay-market-2390/