Market overview from globalCoal for May 30
Thursday, May 31 2012 - 01:16 AM WIB
Coal markets lost slight ground today, with cal 13 cal paper contacts losing around $1/t across all three main hubs. Physical markets were quiet, with prompt DES bids around $1/t weaker than yesterday's traded level. In other markets, the Euro sank to a two-month lower against the dollar over concerns around the solvency of Spanish banks, while oil took a heavy hit, with front month Brent slumping $3.15/bbl near close of play to sit at $103.53/bbl.
Asian physical interest was restricted to prompt index bids and offers today, fairly unchanged on recent levels. Japanese advisory Committee on Energy and Natural Resources has finalized a proposal that by end of 2030, Japanese nuclear electric power generation ratio should be below 20 to 25% thereby abolishing the idea of up to 35% nuclear generation.
globalCoal trades this week
| Product | Expiry | Price | Volume | Origin | Delivery Point | EFP | |
| 28/05/2012 | Phys API#2 Index (DES) | Jul'12 | -$ 3.50 | 50,000 | ACPRS | Amst | |
| 28/05/2012 | Phys API#2 Index (DES) | Jul'12 | -$ 3.00 | 50,000 | C | Rott | |
| 29/05/2012 | Phys ARA (DES) | Aug'12 | $ 90.00 | 50,000 | ACPRS | Ams/Rot | |
| 30/05/2012 | Phys API#4 Index (FOB RB1) | Jun'12 | $ 1.10 | 75,000 |