Market overview from globalCoal for October 12
Thursday, October 13 2011 - 02:06 AM WIB
A fairly moribund day in the coal market saw December DES tonnes trading at $119.50/t - up $0.25/t on the last comparable deal, while November Richards Bay was heard changing hands at $112.50/t, up $0.50/t from Monday's level. A Newcastle deal for a November loader was done in Asian hours at $121.75/t FOB, down from yesterday's best bid of $122/t. News of European oil inventories being at eight-year lows added some impetus into front month Brent, which had gained $1/bbl by 16:40 BST to sit at $111.72/bbl.
Markets traded sideways today in Asia, despite recent fall in bids by north Asian buyers and sellers resistant to meet on price, particularly for Indonesian and high ash Australian coals. Newcastle coal traded today in Asian hours at $121.75 for November, 50cents higher than the best bid and offer from the previous session. (*)
globalCoal trades this week
| Product | Expiry | Price | Volume | Origin | Delivery Point | EFP | |
| 10/10/2011 | Phys RB1 | Nov'11 | $ 112.00 | 75000 | |||
| 10/10/2011 | ICE gC NEWC Coal Future | Q1'12 | $ 120.85 | 150000 | |||
| 11/10/2011 | Phys RB1 | 2012 | $ 116.50 | 300000 | |||
| 12/10/2011 | Phys NEWC (FOB Newcastle) | Nov'11 | $ 121.75 | 25000 | EFP | ||