Market overview from globalCoal for April 25
Thursday, April 26 2012 - 01:38 AM WIB
Coal markets dipped lower today, with July DES AR tonnes bid at $94.45/t, down from yesterday's best bid of $95.50/t. In the physical Newcastle market, June loading tonnes changed hands at $100.25/t FOB, having been offered $1/t higher during yesterday's session. Paper markets fell in line with physical, with all three major hubs shedding around $1.10-1.20/t from their respective Cal 13 contracts. Oil was fairly unchanged near close of play, with front month Brent crude sitting at $118.05/bbl, while the pound weakened as the UK officially returned to recession.
Phys NEWC is continuing its downward trend with the best offer for June shown on screen at $100.75, a decrease of 50c compare to yesterday's best offer. Prompt bids for FOB Phys NEWC and RB1 are all below $100.00/mt. There is also rumours of May'12 RB1 specs going to South China at around $113.00 CFR basis.
globalCoal trades this week
| Product | Expiry | Price | Volume | Origin | Delivery Point | EFP | |
| 23/04/2012 | Phys API#2 Index (DES) | Q3'12 | -$ 3.10 | 150,000 | ACPRS | Ams/Rot | |
| 23/04/2012 | SWAP NEWC Index | Q1'13 | $ 109.25 | 15,000 | |||
| 23/04/2012 | SWAP NEWC Index | Q3'12 | $ 105.25 | 15,000 | |||
| 23/04/2012 | SWAP NEWC Index | Q1'13 | $ 109.30 | 15,000 | |||
| 23/04/2012 | SWAP NEWC Index | Q2'12 | $ 103.00 | 15,000 | |||
| 24/04/2012 | SWAP NEWC Index | Q1'13 | $ 109.30 | 15,000 | |||
| 24/04/2012 | Phys RB1 | May'12 | $ 99.70 | 150,000 | |||
| 25/04/2012 | Phys NEWC (FOB Newcastle) | Jun'12 | $ 100.25 | 75,000 | EFP, ND | ||
| 25/04/2012 | Phys API#2 Index (DES) | Jul'12 | -$ 3.40 | 75,000 | ACPRSU | Rott |