Market overview from globalCoal for October 21
Saturday, October 22 2011 - 02:38 AM WIB
Coal markets ended the week broadly unchanged on the previous day. Again liquidity was stunted although the prompt physical markets found some slightly improved bid interest. Front month Brent crude reversed the last few days falls to end the day higher by ~$1.15/bbl at just under $111/bbl. Overall though there was not enough momentum or direction in either physical or paper coal to change the values we saw at close of business yesterday
In Japan, most of the JPUs are not actively looking for spot cargos and seem to have decent stock levels at most ports. Long term contract tonnes have also heard to have been deferred, suggesting Japan still no closer to recovering from the crisis in early 2011. However one of JGIs is looking for 2 spots cargos for end of year and early next year delivery.
globalCoal trades this week
| Product | Expiry | Price | Volume | Origin | Delivery Point | EFP | |
| 21/10/2011 | Phys RB1 | Dec'11 | $ 109.75 | 75000 | |||
| 21/10/2011 | SWAP NEWC Index | Q1'12 | $ 116.00 | 15000 | |||
| 21/10/2011 | SWAP NEWC Index | Q1'12 | $ 116.00 | 15000 | |||
| 21/10/2011 | SWAP NEWC Index | Q1'12 | $ 116.00 | 15000 | |||
| 21/10/2011 | SWAP NEWC Index | Q1'12 | $ 116.00 | 15000 | |||