Market overview from globalCoal for July 21

Physical and paper markets continued their ascent today, with prompt European tonnes trading at $123.75/t DES AR - up $0.50/t on a comparable trade yesterday. Prompt Richards Bay levels were less impacted, with August traded $0.05/t lower day on day. Paper markets saw gains across all hubs, with Cal 12 API2 & API4 both up $0.35/t. Oil made it three days of consecutive gains, with front month Brent crude up $0.61/bbl by 17:27 BST to sit at $118.76/bbl.

Few South African offers were floating in the Indian market at ~ $115 but with out any traction, with one end user showing a bid at $110, basically the cement & sponge iron industry which consumes about 90 pct of this coal, still to witness the upswing in their fortunes, many cement plants running at 50 pct of their installed capacity and construction sector witnessing a correction, present RB numbers still being unviable for many end users as off spec material comes in handy as a cheaper substitute. Indonesian sub bit coal moving in plenty as Govt. owned utilities concluding some recent tenders in India. (*)

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	Rott	EFP
19/07/2011	Phys NEWC Index	Q4'11	-$ 0.65	75000
19/07/2011	Phys RB1	Aug'11	$ 115.00	50000			EFP
20/07/2011	Phys ARA (DES)	Sep'11	$ 123.25	50000	ACPRS	Ams/Rot	EFP
20/07/2011	Phys RB1	Aug'11	$ 115.15	75000
20/07/2011	Phys RB1	Sep'11	$ 116.25	75000
20/07/2011	Phys ARA (DES)	Sep'11	$ 123.75	50000	ACPRS	Ams/Rot	EFP
20/07/2011	Phys RB1	Aug'11	$ 115.10	50000