Market overview from globalCoal for January 09
Tuesday, January 10 2012 - 02:24 AM WIB
After a reasonably buoyant start activity fell away post lunch as prices generally fell across the main coal hubs today. With no major fundamental news coal prices took their lead from other energy markets. With oil and gas markets dropping we saw coal fall by nearly $1 on the prompt and around $0.50c for Cal12 products. Oil was lower on the day by ~$0.70/bbl ending at ~$112.35/bbl.
No improvement seen in the supply situation for newc market as there appear to be more bids than offers. The best offer during Asian trading was $115.50/mt for Apr delivery. For South African coal, we are hearing some buying interest from the Indian traders and even Taiwanese end-users but at lower price levels (~$100-105/mt). (*)
globalCoal trades this week
| Product | Expiry | Price | Volume | Origin | Delivery Point | EFP | |
| 09/01/2012 | Phys ARA (DES) | Mar'12 | $109.00 | 50000 | ACPRS | Ams/Rot | EFP |
| 09/01/2012 | SWAP NEWC Index | 2012 | $112.75 | 60000 | |||
| 09/01/2012 | SWAP NEWC Index | Q2'12 | $111.50 | 15000 |