Market overview from globalCoal for September 5
Tuesday, September 6 2011 - 01:43 AM WIB
Today saw value remain fairly flat on last week's closing levels. December DES traded at $128/t DES AR, while Dec RB changed hands at $121.50/t FOB, while other prompt bids and offers were all close to Friday's numbers. Oil posted a third consecutive session of losses, as investors continued to pile in on Gold as a safe-haven. By 16:57 BST, front month Brent crude was down $1.53/bbl to $110.80/bbl, while the FTSE 100 had lost 189 points (3.58%).
A choice market in Oct at 123 for Newcastle coal has values at the same levels as Friday's closing price in Europe. This is despite most share markets falling in most Asian regions on further recession fears in the US. New rounds of Korean tenders at prices above Chinese buyer interest is expected by several coal traders. (*)
globalCoal trades this week
| Product | Expiry | Price | Volume | Origin | Delivery Point | EFP | |
| 05/09/2011 | Phys RB1 | Dec'11 | $ 121.50 | 75000 | |||
| 05/09/2011 | Phys ARA (DES) | Dec'11 | $ 128.00 | 50000 | ACPRS | Ams/Rot | EFP |