Market overview from globalCoal for February 8
Thursday, February 9 2012 - 04:09 AM WIB
Coal markets saw liquidity and volatility again limited today. Coal markets opened weaker on a lower European gas market and never recovered to find upwards direction from there. With external factors such as oil and currencies providing little impetus coal continued to head lower and be led again by ARA/API#2 pricing. Mar saw a DES AR ACPRSU trade go through at $98.00 that helped peg values at lower levels to the previous day. By close of business coal markets had broadly lost ~$1.50c across the main hubs. Brent ended the day up marginally by $0.15/bbl whilst the Euro lost around 0.15% against the dollar.
Phys newc prices started lower during Asian hours, with bid/offer for May at $114.00/117.00 compared to $115.00/117.75 the previous session. Major miners in the Hunter Valley announced that there have not been much disruption resulting from the recent rains, with all large producers back to mining operations.
globalCoal trades this week
| Product | Expiry | Price | Volume | Origin | Delivery Point | EFP | |
| 07/02/2012 | ICE Rotterdam Coal Futures | Q4'12 | $ 112.00 | 15,000 | |||
| 07/02/2012 | ICE Rotterdam Coal Futures | Q4'12 | $ 112.05 | 15,000 | |||
| 07/02/2012 | Phys NEWC Index | Q3'12 | $ 0.45 | 75,000 | |||
| 07/02/2012 | Phys ARA (DES) | Feb'12 | $ 97.50 | 75,000 | ACPRSU | Rott | |
| 08/02/2012 | Phys NEWC (FOB Newcastle) | Apr'12 | $ 115.00 | 25,000 | EFP | ||
| 08/02/2012 | Phys ARA (DES) | Mar'12 | $ 98.00 | 70,000 | ACPRSU | Ams/Rot | EFP |