Market overview from globalCoal for August 17

Today saw an improved amount of liquidity on both physical and paper markets but pricing still remained range bound. German gas and power both rose whilst oil also saw reasonable gains. These all helped coal markets to shake off early falls and move into positive territory, all coal hubs saw marginal gains of ~$0.25 - $0.50 by the close of play. Oil ended the day higher by $1.80/bbl to close at ~$111.00/bbl.

Markets were mixed in Asia, with stock markets down but only slightly in Asia. Coal trended sideways, with interest in Newcastle coal at the same levels in the prompt. A public holiday in Indonesia may have kept many on the side-lines today, however there is growing concern in India regarding the new Indonesian policy on benchmark pricing that is due to be rolled out in Indonesia next month. (*)

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
17/08/2011	Phys ARA ( DES )	Oct'11	$ 125.15	50000	ACPRS	Ams/Rot	EFP
17/08/2011	Phys ARA ( DES )	Nov'11	$ 125.10	50000	ACPRS	Ams/Rot	EFP