Market overview from globalCoal for June 12
Wednesday, June 13 2012 - 12:36 AM WIB
Value moved around intra-day, but was relatively unchanged on last night's closing levels by the end of the session. Physical markets were devoid of any fixed price deals, with prompt RB1 bids falling lower than yesterdays level, while front-end DES tonnes were fairly unchanged. As per physical movement, paper prices were unchanged on the day, with Cal 13 API2 around $95.30/t and the same API4 contract at $92.15/t. Oil lost further ground today, with front month Brent crude shedding $0.89/t near close of play, to sit at $97.11/bbl.
Week to date saw a 60kt RB 5500 NAR coal being concluded at Phys API4 index minus $ 5.25/mt basis 6000 NAR for 2nd half July, and a cement producer finally concluding a RB1 July cape at $ 95 CFR Dhamra port basis in India. Meanwhile there have been an increasing number of defaults reported out of China as bearish sentiment continues to rock the markets in Asia.
globalCOAL Trades this Week
| ? | Product | Expiry | Price | Volume | Origin | Delivery Point | Add.Terms |
| 11/06/2012 | Phys ARA (DES) | Aug'12 | $ 84.90 | 50,000 | ACPRS | Ams/Rot | ? |
| 11/06/2012????? | Phys ARA (DES) | Aug'12 | $ 84.90 | 50,000 | ACPRS | Ams/Rot | EFP |