Market overview from globalCoal for July 14

The coal market endured another relatively quiet day as values tracked changes in other markets. Early on coal was marginally lower as oil had initially opened weaker giving a bearish start for energy markets. However, through the day oil recovered and finished higher by ~$0.50 per barrel whilst a weakening US dollar against the Euro gave European coal prices a slight push higher; by the end of play the early losses has been recovered and coal finished broadly unchanged with closing physical spreads mirroring the previous day.

Not much change in Indo sub bit prices which were reported in the Indian market for GCV 53/51 South Kalimantan coal at $45-46 levels and East Kalimantan at $ 47-48 FOB. Plenty of low GCV coal being offered in the market but high CV coal have been seen some movement. Overall slow movement of coal as hydel power has seen surge in supplies to the grids coupled by a slight slack in electricity demand in the monsoons. (fitri)

Product		Expiry	Price	Volume	Origin	Delivery Point	EFP
11/07/2011	Phys NEWC (FOB Newcastle)	Aug'11	$ 120.50	25000
11/07/2011	Phys ARA (DES)	Aug'11	$ 122.60	50000	ACPRSU	Ams/Rot	EFP
12/07/2011	Phys RB1	Aug'11	$ 114.75	150000
14/07/2011	Phys RB1	Aug'11	$ 114.65	100000
14/07/2011	Phys RB1	Aug'11	$ 115.00	75000