Market overview from globalCoal for January 25
Thursday, January 26 2012 - 02:06 AM WIB
Today saw value firm slightly across physical and paper markets. An April DES deal was executed late afternoon at $104/t DES AR, fairly flat to yesterday's bid. Richards Bay tonnes inched higher in terms of bids, with Mar bid up to $107.75/t FOB, versus yesterdays best offer of 107.50/t FOB. Paper also ticked higher, with Cal 13 API2 up $0.50/t over the day. Oil also saw gains today, with front month Brent up $0.25/bbl near close to sit at $110.25/bbl.
Some thermal coal market participants returned to the market after Chinese New Year celebrations, however liquidity was fairly thin, with interest in some Indonesian coal by Indian traders seen for low CV coal. The Newcastle market is continuing to tighten, with 30 of the 39 vessels in the queue 'dead' with no coal in sight. Some market participants reported that Japanese buyers are showing interest prompt high CV materials from Indo, likely to be a result of the tight Newcastle market.
globalCoal trades this week
| Product | Expiry | Price | Volume | Origin | Delivery Point | EFP | |
| 23/01/2012 | Phys API#4 Index | Feb'12 | $ 2.50 | 25,000 | |||
| 23/01/2012 | Phys RB1 | Mar'12 | $ 105.75 | 50,000 | |||
| 25/01/2012 | SWAP NEWC Index | 2012 | $ 114.00 | 60,000 | ? | ? | ? |
| 25/01/2012 | Phys ARA (DES) | Apr'12 | $ 104.00? | 50,000 | ACPRS?? | Ams/Rot | EFP |