Market overview from globalCoal for July 18

Today saw value edge lower for physical DES ARA tonnes, with September trading $0.25/t lower than Friday's concluded level, while September loading Richards Bay tonnes were offered around $0.50/t lower than Friday's levels. Oil also posted a downward trajectory today - for the third consecutive session - with front month Brent crude losing $1.50/bbl by 17:02 BST to sit at $115.76/bbl.

What little activity we did see in the Asian market today was all in a similar range to Friday's levels. Asian stocks were slightly lower than Friday, with the proposed Carbon tax in Australia still weighing heavily on producers stockmarket prices at the moment. The decrease in the HBA Indonesian price for July by just under $1 was not reflective of the market, with most suggesting the market has fallen by over $3 dollars as Chinese buyers retracting from the market.

globalCoal trades this week

Product		Expiry	Price	Volume	Origin	Delivery Point	EFP
18/07/2011	Phys NEWC Index	Sep'11	$ 120.50	-$ 0.75
18/07/2011	Phys RB1	Q1'12	$ 122.60	$ 121.75
18/07/2011	Phys API#4 Index	Q4'11	$ 114.75	-$ 1.10
18/07/2011	Phys ARA (DES)	Sep'11	$ 114.65	$ 122.50	ACPRSU	Ams/Rot	EFP