Market overview from globalCoal for November 29

Coal values held steady today with some mild gains seen across the market. Again liquidity was limited in both paper and physical markets with limited fundamental inputs and outside factors led the market with both the Euro and Brent oil markets gaining helping the API#2 market a touch higher. API#4 and NEWC posted lesser gains but still showed limited upside from the previous day. Brent gained again today by ~$1.50/bbl to break back through the $110/bbl level.

Asian stock market continued its rally, extending its gains on hopes that Europe's crisis can be contained. On newc, there was bidding interest in Jan and Feb, but too far below value to draw the attention of sellers amidst a tight market. (*)