Market overview from globalCoal for December 23
Saturday, December 24 2011 - 01:49 AM WIB
Unsurprisingly, today saw a quiet end to the week going into the Christmas period. In thin trading, the financial coal market ticked up $0.20 on the benchmark Cal 12 contracts across the three main indices. The physical market was equally lacklustre though an index qualifying trade was concluded in the NEWC hub and, interestingly, Jan 12 Richards Bay saw a bid of $110 without reply - up $5 since last trade. Meanwhile, front-month Brent crude traded sideways to end the day (@ 1pm) at $107.65/bbl.
In an otherwise quiet market, a Mar'12 newc cargo was sold for $113.00/mt, $0.50 up from the best offer during yesterday's session. The lack of prompt material was also evidenced from the limited offers, it will be interesting to see whether the tightness continues into the new year. (*)
globalCoal trades this week
| Product | Expiry | Price | Volume | Origin | Delivery Point | EFP | |
| 20/12/2011 | Phys API#4 Index | Jan'12 | -$ 0.20 | 50000 | |||
| 20/12/2011 | Phys RB1 | Jan'12 | $ 105.00 | 50000 | |||
| 22/12/2011 | Phys API#4 Index | Jan'12 | $1.60 | 25000 | |||
| 22/12/2011 | Phys RB1 | Mar'12 | $107.50 | 50000 | |||
| 23/12/2011 | Phys NEWC (FOB Newcastle) | Mar'12 | $113.00 | 25000 | ? | ? | ? |