Market overview from globalCoal for December 16
Saturday, December 17 2011 - 01:16 AM WIB
The week ended on a very quiet note with barely any activity in the market, what little trading there was saw values recover from previous falls to gain ~$0.40. With no real direction and a lack of desire to open new positions so close to the end of the year liquidity and volatility was severely limited. In other markets Brent lost ~$0.35/bbl whilst the Euro saw a very slim appreciation against the US$ helping API#2 marginally higher.
With barging resumed along the Mahakam river and demand remaining weak, Indonesian coal prices seem to have room to soften further. Offers of 4600NAR at $76-77 were heard but did not draw any interest from buyers. On the bid side, a buyer is prepared to pay a discount of $5/mt to the gC newc index for 5900GAR coal loading in Mar/Apr. During Asian trading hours, the newc index remains stagnant at $109.75, the same level as yesterday's close in London. (*)
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 |
| 15/12/2011 | Phys ARA (DES) | Jan'12 | $ 109.75 | 50000 | ACPRS | Rott | EFP |
| 15/12/2011 | Phys ARA (DES) | Jan'12 | $ 109.50 | 50000 | ACPRS | Ams/Rot |