Market overview from globalCoal for November 25
Saturday, November 26 2011 - 02:33 AM WIB
Value drifted yet again today, with January Richards Bay tonnes heard trading at $101/t, lower than yesterday's best offer. January DES tonnes were offered down to $109.75/t - compared to yesterday's deal at $111.65 for the same terms. Paper lost around $1.50/t on all hubs for Cal 12 contracts, as oil followed suit, with front month Brent crude shedding $1.41/bbl to sit at $106.37/bbl near end of play.
Softening of the RB market will inevitably exert further downward pressure on the Newc. The premium between RB/Newc is now about $11-12/mt, up from $7/mt a week ago. During Asian trading hours, Feb'12 Newc was offered at $110 (a dollar less than yesterday's best offer) with the only bid coming in at $108/mt. (*)
globalCoal trades this week
| Product | Expiry | Price | Volume | Origin | Delivery Point | EFP | |
| 21/11/2011 | Phys RB1 | Dec'11 | $ 103.50 | 50000 | EFP | ||
| 23/11/2011 | Phys NEWC Index | Q1'12 | -$ 0.10 | 75000 | |||
| 23/11/2011 | Phys ARA (DES) | Jan'12 | $ 112.25 | 50000 | ACPRS | Amst | EFP |
| 23/11/2011 | Phys RB1 | Dec'11 | $ 100.75 | 50000 | |||
| 23/11/2011 | Phys RB1 | Dec'11 | $ 101.50 | 50000 | |||
| 24/11/2011 | Phys ARA (DES) | Jan'12 | $ 111.65 | 50000 | S | Amst | EFP |
| 24/11/2011 | Phys RB1 | Dec'11 | $ 99.50 | 50000 |