Market overview from globalCoal for June 01
Saturday, June 2 2012 - 12:38 AM WIB
Coal markets lost slight ground today, with cal 13 cal paper contacts losing around $1/t across all three main hubs. Physical markets were quiet, with prompt DES bids around $1/t weaker than yesterday's traded level. In other markets, the Euro sank to a two-month lower against the dollar over concerns around the solvency of Spanish banks, while oil took a heavy hit, with front month Brent slumping $3.15/bbl near close of play to sit at $103.53/bbl.
The Asian market remains relatively quiet today. Some tentative buying interest was seen wanting to benefit from the current price level during Asian trading hours as some people think the market has reached the bottom. Many other Asian traders are packing their suit cases for the coal conference in Indonesia and are waiting to discuss future price trends there.
globalCoal trades this week
| Product | Expiry | Price | Volume | Origin | Delivery Point | EFP | |
| 28/05/2012 | Phys API#2 Index (DES) | Jul'12 | -$ 3.50 | 50,000 | ACPRS | Amst | |
| 28/05/2012 | Phys API#2 Index (DES) | Jul'12 | -$ 3.00 | 50,000 | C | Rott | |
| 29/05/2012 | Phys ARA (DES) | Aug'12 | $ 90.00 | 50,000 | ACPRS | Ams/Rot | |
| 30/05/2012 | Phys API#4 Index (FOB RB1) | Jun'12 | $ 1.10 | 75,000 | |||
| 31/05/2012 | Phys NEWC Index (FOB Newcastle) | Q1'13 | -$ 0.60 | 150,000 |