Market overview from globalCoal for October 19

Coal markets again saw values eroded further today in a lacklustre session. The hangover from the Madrid conference continued with physical markets particularly quiet. Paper markets fell by over ~$1.50 whist physical also tracked lower. Front month Brent crude fell $0.50/bbl to $110.65/bbl.

The coal market prices in Asia continue to feel downward pressure on prices, with most markets quiet with Korean tenders keeping some busy. Newcastle market fell ~$1, in line with last nights close in London. Dec newc midpoint on screen was $119 today, on thin liquidity. Indonesian thermal coal offers are also feeling the pinch, with several market participants stating the sub bituminous spot market is finding few homes at the moment. (*)