Market overview from globalCoal for June 19
Wednesday, June 20 2012 - 12:20 AM WIB
Coal markets started on a bearish tone with values dropping across the board. Continued weakness in the Euro led markets lower including coal, gas & power. However, the Euro found support later through the day and firmed by over 1 cent. Correspondingly we saw values rise across the wider energy complex and coal was no exception. Physical markets saw little activity and tracked paper although liquidity was limited. On the Cal13 dated contract API#2 ended the day higher by $0.65, API#4 was up by $0.40 and the Swap NEWC gained $0.20. Front month Brent crude ended the day broadly flat on yesterday at $95.80/bbl, lower by ~$0.25/bbl.
Sustained RB interest from Indian end-consumers as week to date saw a couple of July 2H RB trades in 50kt at $99.60/mt CFR Paradip and a 140kt trade at Phys API4 Index - $0.25 respectively. Buying interest ex Indo is also intact with buyers bidding 4500 gar at $50/mt, 4200 gar at $42/mt, 3800 gar at$ 36 gar/mt & 4000 gar at $38/mt FOB.
globalCOAL Trades this Week
| Product | Expiry | Price | Volume | Origin | Delivery Point | Add.Terms | |
| 18/06/2012 | Phys HA Aus 5500 | Jul'12 | $ 79.00 | 125,000 | |||
| 18/06/2012 | Phys ARA (DES) | Aug'12 | $ 85.00 | 50,000 | C | Rott | EFP |