Market overview from globalCoal for October 13
Friday, October 14 2011 - 01:45 AM WIB
Liquidity failed to pick up today, despite markets making losses from the start of the session. November RB1 tonnes traded at $112.00/t FOB, down $0.50/t on a yesterday's level, while January RB1 shaped up in the afternoon, getting to $113.05/114.00 at best. Paper values got hit across the day, with Cal 12 API2 and API4 both losing around $1.50-1.60/t. This negative sentiment was shared in oil, with front month Brent crude shedding $1.15/bbl by 16:48 BST to sit at $110.21/bbl
Some signs of a weakening thermal coal market in Asia today, with Chinese interest in prompt cargos still cooling, and India well supplied in the near term. December gC newc was offered at 120 in Asian hours with no takers. Indonesia thermal coal is in high supply with many suggesting a market correction is likely. (*)
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 | ||
| 13/10/2011 | Phys RB1 | Nov'11 | $ 112.00 | 25000 | EFP | ||