Market overview from globalCoal for March 30

Value ticked higher today, with front end paper contract s firming by around $1.50/t, while the cal 13 contracts saw nearer $0.75/t added. In the physical market, May Richards Bay tonnes changed hands at $104/t FOB and $104.25/ FOB - having been offered at $104/t FOB yesterday. Il markets also gained today, with front month Brent up $0.66/bbl near close of play to sit at $123.05/bbl.

Market may find some direction in Asia with several market participants speculating that Long Term Contracts between Australian producers and Japanese consumers has been settled at ~$115. Chinese interest has been on the rise in recent weeks, with bids and offers for 5500nar material at 103.50 to 104.50 in Asian hours for CFR South China ports. Korean tenders have been well offered, and the Indian market still remains sluggish.

globalCoal trades this week

	Product	Expiry	Price	Volume	Origin	Delivery Point	EFP
26/03/2012	Phys RB1	May'12	$ 103.00	50,000	ACPRS	Rott
27/03/2012	Phys ARA (DES)	May'12	$ 98.25	75,000	ACPRS	Rott
27/03/2012	Phys ARA (DES)	Jun'12	$ 98.00	75,000	ACPRSU	Ams/Rot
27/03/2012	Phys ARA (DES)	Jun'12	$ 98.00	75,000	ACPRSU	Ams/Rot
27/03/2012	Phys ARA (DES)	Jun'12	$ 98.00	75,000	ACPRS	Rott
27/03/2012	ICE Rotterdam Coal Futures	Q4'12	$ 108.40	15,000
27/03/2012	ICE RB Coal Futures	Q4'12	$ 105.95	15,000
29/03/2012	Phys NEWC (FOB Newcastle)	Jun'12	$ 108.00	25,000
30/03/2012	Phys RB1	May'12	$ 104.00	25,000
30/03/2012	Phys RB1	May'12	$ 104.00	5,0000
30/03/2012	Phys RB1	May'12	$ 104.25	25,000			EFP
30/03/2012	Phys API#4 Index (FOB RB1)	May'12	$ 0.00	5,0000