Market overview from globalCoal for December 12
Tuesday, December 13 2011 - 01:59 AM WIB
Value drifted today in the coal market amid sparse liquidity, despite a January DES cargo getting paid at $111.75/t Amst early on (this was offered at $110.50/t DES Amst in the previous session). By the end of a quiet afternoon, paper markets had ebbed lower by around $0.75/t across the main hubs, while oil followed suit, with front month Brent shedding $1.02/bbl to sit at $107.60/bbl near close of play. Most equity markets also weakened today with the increase gained by last week's summit deal now appearing to be all but a memory.
A quiet day for the Asian coal market as market participants start to wind down for the holiday period. The illiquid trading session is largely attributed to the lack of demand and tight supply situation out of Newcastle. However on a positive note, some traders commented that industrial activities and coal demand in Japan are gradually picking up again. (*)
globalCoal trades this week
| Product | Expiry | Price | Volume | Origin | Delivery Point | EFP | |
| 12/12/2011 | Phys ARA (DES) | Jan'12 | $ 111.25 | 50000 | ACPRS | Amst | EFP |