Market Flash: iSHARES MSCI Indonesia Investable Market Index Fund (EIDO:US) PRICE: 28.530 USD Down -0.360 (-1.246%) >>> BI: Rupiah Melemah Akibat Kondisi Eropa >>> Pertemuan FED pertimbangkan langkah baru dorong ekonomi >>> KIJA akan Terbitkan MEN Valas USD150 Juta >>> PT Indika Energy Perusahaan Teladan Dunia 2011 >>> Govt Promises Revision of Cost Recovery Regulation >>> BPMigas Demands PGN to Pay US$6 per MMBTU >>> Jababeka to Raise US$150 Million from Debt Markets >>> SCG Chemicals buys Chandra Asri >>> Solusi Tunas eyes Rp380 bio IPO >>> SMR Utama scouts Rp300 bio IPO >>> Alam Sutera picks two bond arrangers >>> ASII Tetap Rajai Penjualan Mobil Agustus 2011 >>> Perusahaan Thailand kuasai Saham TPIA senilai Rp 3,76 Triliun >>> Agis Main ke Tambang, Sahamnya Masuk Dalam Pengawasan >>> ACES Mendekati The Northern Agar Mau Kurangi Kepemilikan >>> IHSG masih harus berjuang terus bertahan diatas MA200 >>> Melirik Peluang Akumulasi di Saham Perbankan >>> Analisa Saham BUMI: Kuat Bertahan & Berpeluang Kembali Uptrend >>> Analisa Saham JSMR: Bertahan Di Support, What Next? >>> INDF Tertahan Di Area Support Kuat, Berpeluang Rebound >>> ASII Break Minor Support, Sell on Strength >>> ADRO Membentuk Descending Wedges, Berpeluang Rebound Terbatas >>> Wall Street ends flat as early gains evaporate >>> Fed begins policy meeting, tiptoes toward easing >>> Fed meeting to help decide on long-term Treasuries >>> Greece Makes 'Good Progress' in Reform Talks: EC >>> China worried Europe debt crisis will hit trade >>> China could roll out 4.65tr yuan stimulus package >>> IMF sees Mideast stagnation >>> NYMEX-Crude ends higher at Oct contract expiry >>> Asian Crude Palm Oil Up On Technical Buying, Soyoil >>> Foreign net Sell - 61.785.746

Rabu, 06 Juli 2011

Asia Coal-Australia thermal coal nudges up above $122/T - Reuters

Australia's thermal coal index nudged up to above $122 a tonne this week, remaining in a tight trading range that is likely to hold until Japan returns to its pre-quake
buying levels, brokers said on Tuesday.

Only one deal was reported so far this week with a contract for Newcastle coal in October agreed at $124.50 a tonne, a Singapore-based broker said, indicating some price recovery over the next three months.

Steam coal prices in Australia finished the second quarter little changed but have shed nearly 7 percent so far this year, after the deadly earthquake and tsunami in Japan slashed coal demand in the world's largest consumer of steam coal, which is also the largest buyer of Australian coal.

Thermal coal on the globalCOAL Newcastle index for the week so far was $122.25 per tonne, up from $120.97 on Friday.

Sales have been thin in recent weeks, with Japanese and Chinese buyers out of the market, and they are likely to stay away until around September, when winter buying starts.

"The market has been stagnate at the $120 level for some time," a coal broker said. "There is a lot of coal available right now and nothing really driving the market with Japan away."

Top thermal coal exporter Xstrata was close to an agreement with Japanese utilities for the July-start annual contract, with talk of the settlement price around $127 a tonne, according to three brokers.

Tidak ada komentar:

Poskan Komentar