CIF ARA Futures (API2) marker represents standardized forward contracts of steam coal imported to Western Europe’s main commodities ports: Amsterdam-Rotterdam-Antwerp on Cost, Insurance and Freight basis from US, Colombia, South Africa, Russia and Poland.
The quoted steam coal is standardized to 6,000 kcal/kg NAR, 0-50mm and traded in Panamax-Capesize volumes. Updates are made AFAP.
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