Market overview from globalCoal for July 4
Thursday, July 5 2012 - 12:38 AM WIB
Prices softened today, with Aug RB1 tonnes offered down to $91.00/t FOB, having traded fifty cents higher in the previous session. Further down the curve, Q3'13 RB1 traded at $95.50/t FOB. Paper prices came off in line with physical, with cal 13 API4 valued around $0.75/t lower by the end of the day. Oil followed coal into losing territory, with front month Brent crude shedding $1.08/bbl near close of play to sit at $99.60/bbl.
Today saw September Newcastle tonnes change hands at $90.00/t, down from yesterday's offer at $91.00/t . Conversely, October was bid again in line with yesterday's traded level of $90.50/t.
globalCOAL Trades this Week
| Product | Expiry | Price | Volume | Origin | Delivery Point | Add.Terms | |
| 02/07/2012 | Phys RB1 | Aug'12 | $ 90.40 | 50,000 | |||
| 02/07/2012 | Phys RB1 | Aug'12 | $ 92.00 | 75,000 | EFP | ||
| 03/07/2012 | Phys API#4 Index (FOB RB1) | Oct'12 | -$ 0.30 | 75,000 | |||
| 03/07/2012 | Phys API#4 Index (FOB RB1) | Oct'12 | -$ 0.30 | 75,000 | |||
| 03/07/2012 | Phys NEWC (FOB Newcastle) | Oct'12 | $ 90.50 | 25,000 | |||
| 03/07/2012 | Phys RB1 | Aug'12 | $ 91.50 | 25,000 | |||
| 04/07/2012 | Phys NEWC (FOB Newcastle) | Sep'12 | $ 90.00 | 25,000 | |||
| 04/07/2012 | Phys RB1 | Q3'13 | $ 95.50 | 75,000 |