Market overview from globalCoal for December 21

Another day of thin trading in the coal markets today with limited volatility and liquidity. Without any serious input from outside factors coal hovered around yesterday's closing levels. On physical coal the prompt months saw more bid than offer action but not enough to actually push the markets notably higher. Brent ended the day ~$0.50/bbl higher whilst the Euro lost early gains to end marginally lower.

Prompt newc market remains tight, keeping prices buoyant today. The combination of Orica's stoppage and wet weather have taken a toll on production in the Valley and suppliers are unable to fill prompt deliveries in Jan and Feb'12. (*)

globalCoal trades this week

	Product	Expiry	Price	Volume	Origin	Delivery Point	EFP
20/12/2011	Phys API#4 Index	Jan'12	-$ 0.20	50000
20/12/2011	Phys RB1	Jan'12	$ 105.00	50000