Market overview from globalCoal for February 2
Friday, February 3 2012 - 02:37 AM WIB
A quieter day in the coal market after the recent flurry of activity. Values were broadly up across the main coal hubs with API#2, API#4 and NEWC all higher by ~0.75c. Liquidity was thinner than earlier this week but values gained on some dark spread hedging of paper in Europe and bid interest on FOB physical markets. Front month Brent was slightly lower on the day falling by ~$ 0.30 whilst the Euro was broadly flat.
Tightness of phys NEWC market evident once again with the bid for Mar'12 material going up to $117.50/mt during Asian trading hours, $2.50 more than the previous session. Rain is still pouring over the lower and upper Hunter Valley and likely to result in 3-5 days of lost production for affected mines.
globalCoal trades this week
| Product | Expiry | Price | Volume | Origin | Delivery Point | EFP | |
| 30/01/2012 | Phys ARA (DES) | Mar'12 | $ 105.00 | 50,000 | ACPRS | Rott | EFP |
| 31/01/2012 | Phys NEWC (FOB Newcastle) | Q3'12 | $ 113.75 | 225,000 | |||
| 31/01/2012 | Phys ARA (DES) | Apr'12 | $ 103.00 | 50,000 | ACPRS | Ams/Rot | EFP |
| 31/01/2012 | Phys ARA (DES) | Apr'12 | $ 103.00 | 50,000 | ACPRS | Ams/Rot | EFP |
| 01/02/2012 | Phys ARA (DES) | Apr'12 | $ 100.50 | 50,000 | ACPRS | Ams/Rot | EFP |
| 01/02/2012 | Phys API#2 Index (DES) | Q1'13 | -$ 0.60 | 150,000 | ACPRS | Ams/Rot |