Market overview from globalCoal for October 28

Today saw a bullish end to the week with physical and paper values higher through the day. Coal maintained an upward trajectory despite other commodities retracing some of yesterday's gains. Much of the physical support was on the prompt months but this helped paper markets post gains. A marginally stronger Euro helped coal open higher and the physical support meant it held onto this despite a bearish oil market. All coal hubs ended higher by ~$0.75 on the prompt and over $1 on the curve.

No real changes in the Asian market today and during Asian market time, none of our prices are aggressive enough to shake their hands. Market sentiment is still wait and see and waiting for some of the North Asian tender's results. While most of Asian end users maintain comfortable stock levels, Indian power plants in the state of Tamil Nadu are running at 4 days stocks and showing some difficulties. (*)

globalCoal trades this week

Product		Expiry	Price	Volume	Origin	Delivery Point	EFP
24/10/2011	SWAP NEWC Index	Q1'12	$ 117.00	15000
24/10/2011	Phys API#2 Index (DES)	Q1'12	$ 0.00	150000	ACPRS	Ams/Rot
24/10/2011	SWAP NEWC Index	Q1'12	$ 117.50	15000
26/10/2011	Phys API#4 Index	Q1'12	-$ 0.70	225000
27/10/2011	Phys NEWC Index	Dec'11	$ 0.00	25000
27/10/2011	Phys NEWC Index	Dec'11	$ 0.00	25000
28/10/2011	SWAP NEWC Index	Q1'12	$ 119.00	15000
28/10/2011	Phys RB1	Dec'11	$ 110.25	50000			EFP
28/10/2011	SWAP NEWC Index	Q1'12	$ 118.25	15000
28/10/2011	SWAP NEWC Index	Q1'12	$ 118.50	15000
28/10/2011	Phys API#2 Index (DES)	Dec'11	$ 1.25	50000	ACPRS	Ams/Rot