Market overview from globalCoal for August 10

Value firmed again today across the physical and financial markets, with prompt DES tonnes trading $1/t higher than the previous sessions last trade. Paper values ticked up across all hubs, with front end API2 & API4 both up around $0.50/t, while the Cal 12 contracts gained nearer $0.30/t. Coal's bullishness was mirrored in the oil market, with front month Brent crude up $2.54/bbl to $105.11/bbl by 17:16 BST.

Stock markets rebounded again today, as cooler heads prevailed. Coal markets inched higher as a result with Sept'11 newc bid/offer midpoint at 118.25 - 25 cents higher than where it traded yesterday. Most producers in Newcastle seem to be well balanced with limited spot tonnage seen in the market. In Indonesia, prices seem to be cooling further with a 4200 gar product (8% ash, 1% sulfur and 36% TM) offered at low $50's, several dollars below where China has shown interest in previous months. (*)

globalCoal trades this week

Product		Expiry	Price	Volume	Origin	Delivery Point	EFP
08/08/2011	SWAP NEWC Index	2012	$ 123.50	60000
08/08/2011	Phys RB1	Dec'11	$ 118.40	50000			EFP
09/08/2011	Phys NEWC (FOB Newcastle)	Sep'11	$ 118.00	25000
10/08/2011	Phys ARA (DES)	Oct'11	$ 125.00	50000	ACPRS	Ams/Rot	EFP
10/08/2011	Phys RB1	Sep'11	$ 116.75	75000			EFP