Market overview from globalCoal for April 12
Friday, April 13 2012 - 12:47 AM WIB
Although the morning trading started lower we saw some physical buying and stronger energy and currency markets. A $97.00 Jun DES trade and subsequent bid interest helped support the DES pricing whilst FOB markets held steady. Brent oil markets were slightly higher with front month trading higher by $0.75/bbl at just under $121/bbl. Again a slightly weaker US dollar helped buoy commodity markets. Cal13 API#2 was up by ~$0.50c, API#4 higher by ~$0.30c and Swap NEWC broadly unchanged.
RB buyers in India were seen pre-empting the markets coming off and few May bids were shown around $101 ~ 102/mt FOB levels today. On the Indo front there still seems to be several sub-bit offers struggling to find a suitable home at a right price.
globalCoal trades this week
| Product | Expiry | Price | Volume | Origin | Delivery Point | EFP | |
| 11/04/2012 | Phys RB1 | May'12 | $ 102.70 | 50,000 | |||
| 11/04/2012 | Phys RB1 | May'12 | $ 102.60 | 65,000 | EFP
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| 11/04/2012 | Phys ARA (DES) | May'12 | $ 95.50 | 75,000 | U | Antw | EFP |
| 12/04/2012 | Phys ARA (DES) | Jun'12 | $ 97.00 | 75,000 | ACPRS | Rott |