Reuters reported that prompt physical coal prices were little changed to slightly lower on Monday despite a rise in oil after better than expected US manufacturing data.

Few trades took place on Monday because end users in India are waiting for lower prices, China is buying limited fresh cargoes of low -grade material and the recent lack of price movement makes this market unappealing to traders.

TRADES

A Q1 2013 DES ARA trade for a cargo a month at USD 90.00 went through on globalCOAL in early trade, little changed from Friday.

A November loading Newcastle cargo traded at USD 82.50, also little changed.

Two November loading South African cargoes traded at USD 84.65 and $84.50 a tonne FOB Richards Bay, down around 75 cents from Friday.

PRICES

A December DES ARA cargo was bid at USD 87.15 and offered at USD 90.00, largely unchanged but a wider bid/offer spread.

November South African cargo was bid at USD 84.50 and offered at USD 85.25, down 75 cents

Source - Reuters

(www.coalguru.com)