Market overview from globalCoal for September 28

The coal market fell slightly today as markets consolidated after yesterday's gains. Brent weakened by $0.80c to just above $106/bbl whilst the US$ corrected a touch higher. Prompt physical markets were broadly unchanged as minimal volatility in the paper markets stifled direction. Overall we saw slight falls across all coal hubs by ~$0.25.

Asian market traded sideways today, as the volatility of earlier on in the week seems to have dissipated. Markets opened 25 cents higher, with no trades present. Initial feedback from the recent coal conference in India this week shows signs of a well-supplied Indian market - little interest in Richards Bay at the moment with 12 mill tonnes at stockpile reported at major ports. Some low rank coal is finding a home, but in general bearish tones remain. (*)

globalCoal trades this week

Product		Expiry	Price	Volume	Origin	Delivery Point	EFP
26/09/2011	SWAP NEWC Index	2012	$ 121.50	60000
26/09/2011	Phys RB1	Q1'12	$ 117.50	75000
26/09/2011	Phys RB1	Dec'11	$ 115.50	75000
28/09/2011	Phys ARA (DES)	Dec'11	$ 121.30	50000	ACPRS	Ams/Rot	EFP