Market overview from globalCoal for September 16

Despite renewed confidence in equities markets, this failed to translate into the commodity world and the energy complex saw little change. Financial coal values ticked off just $0.10 across the three main indices in very thin trading while the physical market was also moribund. Meanwhile, Nov 11 Brent crude traded sideways, ending end the day (@ 17:00) $0.10 down at ~112.20/bbl.

Japanese LTC negotiation has not reached its settlement yet and it seems that there is still USD 1 to 2 gap between bid and offer. However it is expected to settle by end of next week as both parties seems to be ready to improve their prices from current price level. Japanese nuclear power station is still centre of criticism by many people and now its total utilization is around 26% as end of Aug and recorded the lowest utilization rate. (*)

globalCoal trades this week

Product		Expiry	Price	Volume	Origin	Delivery Point	EFP
12/09/2011	Phys RB1	Nov'11	$ 117.00	50000			EFP
12/09/2011	Phys RB1	Nov'11	$ 117.25	50000
13/09/2011	Phys NEWC (FOB Newcastle)	Nov'11	$ 123.25	25000			EFP
14/09/2011	Phys ARA (DES)	Nov'11	$ 121.50	50000	ACPRS	Ams/Rot	EFP
15/09/2011	Phys ARA (DES)	Nov'11	$ 122.75	50000	ACPRS	Ams/Rot	EFP
16/09/2011	Phys NEWC (FOB Newcastle)	Dec'11	$ 124.00	25000			EFP