Market overview from globalCoal for May 04

After yesterday's bounce higher coal markets resumed their downwards trajectory. Oil markets led the way with front month Brent losing value consistently. By the end of business Brent has fallen by nearly $4/bbl to end at ~$112.15/bbl. Coal paper values across the board fell by ~$0.85c/t following the wider energy complex lower. One physical trade for June DES for US coal only was seen at $87.00/t.

Further weakness evident in price of coal markets in Asia, with Australian 5500nar coal bid lower again today at $87 for delivery in July and August. Indonesian coal is well supplied, with few bids exciting producers or traders. The movement of alternative sources into Asia, particularly Colombian coal and US is continuing, but in smaller volumes.

globalCoal trades this week

	Product	Expiry	Price	Volume	Origin	Delivery Point	EFP
30/04/2012	Phys ARA (DES)	Jun'12	$ 90.50	50,000	ACPRS	Ams/Rot
30/04/2012	SWAP NEWC Index	Q1'13	$ 107.10	15,000
30/04/2012	SWAP NEWC Index	Q1'13	$ 107.10	15,000
30/04/2012	SWAP NEWC Index	Q1'13	$ 107.10	15,000
30/04/2012	SWAP NEWC Index	Q3'12	$ 102.50	15,000
01/05/2012	Phys ARA (DES)	May'12	$ 86.25	50,000	ACPRSU	Rott	EFP
01/05/2012	SWAP NEWC Index	Q1'13	$ 106.00	15,000
02/05/2012	Phys API#2 Index (DES)	Jul'12	-$ 3.50	50,000	ACPRS	Ams/Rot
02/05/2012	Phys ARA (DES)	Jul'12	$ 88.00	50,000	ACPRS	Ams/Rot
02/05/2012	Phys RB1	Jun'12	$ 97.00	150,000			EFP
02/05/2012	Phys ARA (DES)	Jul'12	$ 88.00	50,000	ACPRS	Rott
03/05/2012	Phys ARA (DES) 2	Jun'1	$ 86.50	125,000	U	Antw
04/05/2012	SWAP NEWC Index	Q1'13	$ 107.00	15,000
04/05/2012	SWAP NEWC Index	Q4'12	$ 104.25	15,000
04/05/2012	ICE gC NEWC Coal Future	Q1'13	$ 106.75	15,000
04/05/2012	SWAP NEWC Index	Q3'12	$ 101.75	15,000
04/05/2012	Phys ARA (DES)	Jun'12	$ 87.00	75,000	U	Rott	EFP
04/05/2012	SWAP NEWC Index	Q3'12	$ 102.00	15,000