Market overview from globalCoal for June 14
Friday, June 15 2012 - 12:29 AM WIB
Value was widely unchanged today in the paper markets, while on the physical side, late deals for August RB1 tonnes were concluded at $81.65/t FOB, having been bid at $82.00/t FOB yesterday. Financial markets saw around $0.30/t eroded from the Cal 13 API2 contract, while the same contract on API4 was relatively unchanged on last night's close. Oil also posted a fairly flat performance, with front month Brent virtually flat on the previous session's close by close of play.
A July RB Cape changed hands in India during Asian trading hours at Phys API4 Index flat while a large Sponge Iron producer closed a RB tender for 2H July. Further RB buying is anticipated by end-consumers in the sub-continent in the midst of defaults being reported out of China.
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 | |||
| 14/06/2012 | Phys RB1 | Aug'12 | $ 81.65 | 50,000 | |||
| 14/06/2012 | Phys RB1 | Aug'12 | $ 81.65 | 50,000 |