Market overview from globalCoal for July 26
Wednesday, July 27 2011 - 01:37 AM WIB
Coal liquidity increased today as the market found some direction in early trading. The weakening US$ caused US$ denominated markets to rally and coal was no different, posting early gains of $0.75 by mid morning across the board. Oil also rose helping to guide other energy market to a higher level. Although during the afternoon we saw some correction on oil and gas markets this wasn't enough to reverse all the mornings gains. Coal markets ended the day higher by $0.75 on the API#2 and by ~$0.50 on the API#4 and Swap NEWC markets. Oil finished the day at $118.40/bbl, higher on the day by $0.50/bbl.
The Sep'11 market for Newcastle was $ 118.00/120.00 today during Asian business hours. Despite the prices, the market was still moribund as players continue to look for direction. NCIG was closed today due to choppy seas. Some reported rains in South Kalimantan will decrease production in the near term, but there is still some bearish sentiment in the market. Stocks in China are reported to be plentiful for the coastal power stations for now. (*)
globalCoal trades this week
| Product | Expiry | Price | Volume | Origin | Delivery Point | EFP | |
| 25/07/2011 | Phys ARA (DES) | Oct'11 | $ 125.00 | 50000 | ACPRS | Ams/Rot | |
| 25/07/2011 | Phys RB1 | Oct'11 | $ 119.00 | 50000 | |||
| 26/07/2011 | Phys RB1 | Aug'11 | $ 117.00 | 150000 | |||
| 26/07/2011 | Phys API#4 Index | Q4'11 | -$ 1.25 | 150000 | |||
| 26/07/2011 | Phys API#4 Index | Oct'11 | -$ 1.50 | 75000 | |||