Market overview from globalCoal for July 19
Wednesday, July 20 2011 - 02:00 AM WIB
Physical markets firmed slightly today, with August Richards bay tonnes trading at $115/t FOB - up from yesterdays price assessments, while prompt DES AR tonnes were heard trading $0.50/t higher day-on-day. This was mirrored in the paper market, with API2 posting around $0.50 gain along the curve, while API4 saw a similar increase across all contracts. Coals gains appeared to move in line with oil's - which saw front month Brent crude up $1.33/bbl by 17:22 BST to sit at $117.38/bbl.
No apparent change in prices of sub bit Indo coals mainly because of strengthening Rupiah and most miners having sold out tonnages till Sept'11 and thus not wanting to sell below contracted prices in spite of perceived lull in demand. As per market, some softening may happen post Lebaran(28 Aug). (*)
globalCoal trades this week
| Product | Expiry | Price | Volume | Origin | Delivery Point | EFP | |
18/07/2011 |
Phys NEWC Index |
Sep'11 |
-$ 0.75 |
25000 | |||
| 18/07/2011 | Phys RB1 | Q1'12 | $ 121.75 | 150000 | |||
| 18/07/2011 | Phys API#4 Index | Q4'11 | -$ 1.10 | 150000 | |||
| 18/07/2011 | Phys ARA (DES) |
Sep'11 | $ 122.50 | 50000 | ACPRS | Rot | EFP |
| 19/07/2011 | Phys NEWC Index | Q4'11 | -$ 0.65 | 75000 | ? | ? | ? |
| 19/07/2011 | Phys RB1 | Aug'11 | $ 115.00 | 50000 | ? | ? | EFP |