Market overview from globalCoal for August 16
Tuesday, August 16 2011 - 10:34 PM WIB
Today was a quieter day in coal markets with limited price volatility as well as thin volumes. Many of the recent outside drivers seemed to trade sideways and although German power was lower throughout the day this didn't really translate to coal. Overall other markets such as oil and gas also saw lacklustre interest and coal followed suit. Brent was initially higher during the day but gave up these gains to end the day lower by nearly $0.50/bbl. Prompt coal values fell across hubs but it was the API #2 curve that saw a greater, albeit limited, decline. API #2 generally lost $0.25 whilst the API #4 and NEWC gained ~$0.10c.
Indo suppliers seems to be holding firm to their prices whilst the Indian market is of the opinion that prices will come off. 4200 gar coal is shown around $50 FOB and 4800 gar is around 70. Last week RB1 in 50 kt traded at $117 in the Indian market. (*)
globalCoal trades this week
| Product | Expiry | Price | Volume | Origin | Delivery Point | EFP | |
| 15/08/2011 | Phys ARA ( DES ) | Oct'11 | $ 126.00 | 50000 | ACPRS | Ams/Rot | EFP |
| 15/08/2011 | Phys ARA ( DES ) | Oct'11 | $ 126.00 | 50000 | ACPRS | Ams/Rot | EFP |
| 16/08/2011 | Phys RB1 | Nov'11 | $ 119.25 | 50000 | |||
| 16/08/2011 | Phys RB1 | Oct'11 | $ 119.00 | 75000 | |||