Market overview from globalCoal for August 24

Coal markets saw minimal volatility today with physical coal pricing at similar levels to the previous few days. In early trading coal lost ground on yesterday's levels as some early selling eroded physical values. Paper markets again took their lead from external markets and with oil gaining through the afternoon we saw a small recovery for paper to end the day marginally higher by $0.20 across the board for both paper and physical markets.

Bid prices increase marginally today in Oct'11 to $ 120.25 for Phys NEWC. November was $ 121.75/$123.00 during Asian hours as well. Rumours that the Chinese are starting to make some inquiries with regards to supply in the prompt from both Indonesian and Australia are starting to emerge. However, the bid prices are still lower than seller's expectations. (*)

globalCoal trades this week

Product		Expiry	Price	Volume	Origin	Delivery Point	EFP
22/08/2011	Phys RB1	Oct'11	$ 118.00	75000
22/08/2011	Phys RB1	Oct'11	$ 118.00	75000			EFP
23/08/2011	Phys ARA (DES)	Oct'11	$ 123.75	50000	ACPRS	Ams/Rot	EFP
23/08/2011	Phys RB1	Oct'11	$ 117.75	75000
23/08/2011	Phys ARA (DES)	Oct'11	$ 124.00	50000	ACPRS	Rott
24/08/2011	Phys NEWC (FOB Newcastle)	Sep'11	$ 121.50	25000
24/08/2011	Phys RB1	Oct'11	$ 117.75	75000