Market overview from globalCoal for August 18

Today saw further falls in physical and paper coal prices, with prompt DES tonnes trading at $123/t DES AR for October - down $2.15/t on yesterday's comparable trade. RB values also softened, with November loaders best seen at $118.00/118.60/t, compared to yesterday's range of $118.50/120.00/t. Paper also saw widespread losses, with Cal 12 API2 closing down $1.20/t, while the came contract for API4 posted similar losses, down $1.10/t. Coal tracked oil's downward trajectory, which saw front month Brent crude tumble $3.22/bbl lower by 17:26 BST to sit at $107.38/bbl.

Another flat market in Asia today, with physical bids and offers within the same range as London close for Newcastle coal. Indonesian markets are in surplus with few buyers, with a range of sub-bituminous coals offered by producers and traders. Market sentiment seems bearish for the rest of this year, as mining conditions in Kalimantan seeing few disruptions. (*)

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
18/08/2011	Phys ARA ( DES )	Oct'11	$ 123.00	50000	ACPRS	Ams/Rot	EFP