Market overview from globalCoal for October 5

Global markets enjoyed a more upbeat session today on the back of positive US economic data plus welcome news that EU finance ministers are co-ordinating a new rescue package for banks. Financial coal values gained around $0.50 down the curve across the three main indices. However, the physical market remains thin and uncertain as to long term direction. Meanwhile, front month Brent crude recovered to end the day (@ 17:00) up $2.30 at ~102.10/bbl.

Prices of South African coal falling sub 110 levels for 2 H October has had a bearish sentiment in the market, while Indo prices reported for gcv 53/51 adb with TM 39/41 at $49/mt, 4200 gar at $57/mt and 4700 gar at around 70-71. The end-user's consumption pattern of coal is substantially reduced due to market situation viz low demand for cement, sponge iron and steel compounded by tight liquidity in India. (*)

globalCoal trades this week

Product		Expiry	Price	Volume	Origin	Delivery Point	EFP
03/10/2011	SWAP NEWC Index	Dec'11	-$ 0.75	25000
03/10/2011	SWAP NEWC Index	Dec'11	-$ 0.75	25000
03/10/2011	Phys RB1	Nov'11	$ 112.50	75000
04/10/2011	SWAP NEWC Index	Oct'11	$ 120.00	5000
04/10/2011	SWAP NEWC Index	Oct'11	$ 120.00	5000
04/10/2011	SWAP NEWC Index	Oct'11	$ 120.00	5000
04/10/2011	SWAP NEWC Index	Oct'11	$ 120.00	5000
04/10/2011	SWAP NEWC Index	Oct'11	$ 120.00	5000
04/10/2011	SWAP NEWC Index	Oct'11	$ 120.00	5000
04/10/2011	SWAP NEWC Index	2012	$ 119.75	60000
04/10/2011	SWAP NEWC Index	Oct'11	$ 120.50	5000
04/10/2011	Phys API#2 Index (DES)	Q1'12	-$ 0.50	150000	ACPRS	Ams/Rot
04/10/2011	Phys API#2 Index (DES)	Q1'12	-$ 0.50	150000	ACPRS	Ams/Rot
04/10/2011	Phys RB1	Q1'12	$ 115.00	75000
05/10/2011	SWAP NEWC Index	Q1'12	$ 119.75	30000
05/10/2011	SWAP NEWC Index	Q1'12	$ 119.25	15000
05/10/2011	ICE gC RB / NEWC Coal Future	Q4'11	-$ 6.00	165000