Market overview from globalCoal for September 19
Tuesday, September 20 2011 - 01:00 AM WIB
A quiet start to the week saw November DES tonnes trade at $122.50/t DES AR - down $0.40/t on Friday's level, while December RB tonnes changed hands at $117.25/t and $117.15/t FOB. In paper, Cal 12 API2 finished the day around $126.25 - nearly $1/t lower than Friday's close, while the same contract for API4 shed nearer $0.75/t over the session. Oil took a heavy hit today, with front month Brent crude tumbling $2.66/bbl by 17:07 BST, sitting at $109.56/bbl.
Continued gloomy outlook took equity markets lower again today, with thermal coal markets tracking flat on weak trade. The dec'11 newc was bid and offered in similar ranges to Friday's London close, with market speculation pointing to a significant Japanese settlement price hindering participation by some until price direction is clear. In contrast, Indonesian sub bituminous prices have gained from late last week, with renewed interest from Korean and Chinese traders for late Q4 cargos. (*)
globalCoal trades this week
| Product | Expiry | Price | Volume | Origin | Delivery Point | EFP | |
| 19/09/2011 | Phys ARA (DES) | Nov'11 | $ 122.50 | 50000 | ACPRS | ROTT | EFP |
| 19/09/2011 | Phys RB1 | Dec'11 | $ 117.15 | 50000 | |||