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Monday, 05 December 11
SGX LAUNCHED IHS MCCLOSKEY/XINHUA INFOLINK OTC CFR SOUTH CHINA COAL CONTRACT TODAY


COALspot.com - In order to meet the demand of the coal industry for an effective coal hedging tool with counterparty credit risk mitigation facility, the Exchange is pleased to announce the launch of the OTC CFR South China Coal swap contract today, SGX said, in its e-mail statement.

This contract will be cash-settled using the arithmetic average of all publications of IHS McCloskey/ Xinhua Infolink South China CFR Marker 5,500 NAR in the expiring month.

According to SGX, advantages of using SGX OTC South China CFR Coal Swap

•         Effective hedging instrument to manage physical CFR China coal price risk.
•         Ease of taking and liquidating positions with no risk of physical delivery.
•         Reduced counterparty risk.
•         Better risk management through daily mark-to-market of positions.
•         Singale clearing agreement to trade with a growing pool of counterparties.
•         Multilateral netting of opposite positions.
•         Straight-through and real-time clearing with instant confirmation.



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Recent News

Monday, 05 December 11
THE DECEMBER HBA FELL 11% FROM ITS PEAK AT US$127.05 PER TON IN FEBRUARY 2011
COALspot.com - Ministry of Energy and Mineral Resources of Indonesia has sets the December 2011 coal reference price at US$ 112.67 per ton US$ 3.98 ...


Monday, 05 December 11
DRY BULK RATES LOOKING TO EXTEND GAINS THIS WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Capesize dry bulk carrier owners have had a great week, with rates rising for six straight sessions (including the end of the week before that). As ...


Sunday, 04 December 11
SUPRAMAX TRIPS VIA INDONESIA WERE REPORTED AROUND $ 7500 - 8000 PD
COALspot.com - The BDI and Cape index recovered this week. The BDI was up by 3.26 pct and Cape index saw a big jump and closed at 3409 points (up by ...


Saturday, 03 December 11
BORNEO TO SPEND US$600 MIO CAPEX - INSIDER STORIES
Insider Stories reported that, Coking coal miner PT Borneo Lumbung Energi & Metal Tbk (BORN) plans to spend US$600 million capital expenditure ( ...


Friday, 02 December 11
DRY BULK CARRIERS BACK IN THE SPOTLIGHT AS MARKET SPEEDS UP - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With the tanker and container markets suffering dearly, it seems that the tide has once again turned in favor of the dry bulk carriers, despite over ...


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