Market overview from globalCoal for June 13
Thursday, June 14 2012 - 12:49 AM WIB
Today saw value edge higher during the afternoon, although August DES tonnes traded flat to the previous level ($84.90/t DES AR) in the morning. This market was bid higher in the afternoon as paper markets firmed. By the end of the session, Cal 13 API was around $0.75/t higher, while the same contract on API4 had seen closer to $1.00/t added. Oil prices headed the same way, with front month Brent crude up by $0.51/bbl near close of play to sit at $97.65/bbl.
Indonesian coal prices continue to tumble as China, the single largest importer of Indo coal, suffers from an oversupply of coal from various origins. A 3800NAR Indo material (mid June laycan) was heard sold at $52/mt CFR South China to a Chinese trader. In contrast, a similar quality was bid at $58/mt less than 2 weeks ago.
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 |
| 13/06/2012 | Phys NEWC Index (FOB Newcastle) | Q4'12 | -$ 0.75 | 225,000 | |||
| 13/06/2012 | Phys NEWC Index (FOB Newcastle) | Q1'13 | -$ 0.60 | 75,000 |