* Two Dec DES ARA cargoes trade at $88.65 and $88.20/T
* Korea’s KOMPIO buys Indonesian and low-grade Australian
LONDON Oct 10 (Reuters) – Prompt physical coal prices fell
in line with swaps which were pulled down by Brent’s fall in
early trading.
Brent crude slipped near to $114 on Wednesday as a cloudy
economic outlook offset fears about disruptions to Middle East
crude supply.
“There was very little activity today, a few trades but more
offers are being seen,” one European trader said.
Two December DES ARA cargoes traded on Wednesday at $88.65
and $88.20 a tonne, down a marginal 10-50 cents from the
previous day.
South African November cargo prices came under greater
pressure – a November cargo was bid at $83/T, $3.00 below
Tuesday’s levels but offers were only slightly lower.
A November loading Newcastle cargo traded at $79.00 a tonne
FOB.
End-users in Asia still prefered to take low-grade cargoes
at aggressive prices rather than standard-grade thermal coal,
traders said.
Continued…
