Market overview from globalCoal for November 4
Saturday, November 5 2011 - 03:03 AM WIB
Markets continue to prove surprisingly resilient despite no clear resolution to the Eurozone debt crisis at the G20 summit. Financial coal values ticked up ~$0.20 on the benchmark Cal 12 contracts across the three main indices. The physical market remains at a standstill and what interest there is centres entirely on the front of the curve. Meanwhile, front-month Brent crude traded in a $2 range before end the day (@ 16:30) up $0.45 at ~$111.30/bbl.
Declining price trend is well received by many end users in North Asia. However most of them are well placed with comfortable stock levels till at least early next year and not many spot transactions can be expected. During Asian trading hours, there was interest in the prompt by North Asian utilities who have been absent from the market for some time. Indonesian deals were heard to be done at $81 for a 4700nar, $100 for a 5400nar, and $46 for a 5300gad coal with 39 TM. (*)
globalCoal trades this week
| Product | Expiry | Price | Volume | Origin | Delivery Point | EFP | |
| 02/11/2011 | Phys NEWC (FOB Newcastle) | Jan'12 | $ 116.50 | 75000 | EFP | ||
| 02/11/2011 | Phys NEWC (FOB Newcastle) | Dec'11 | $ 0.00 | 25000 | |||