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Sunday, 29 April 12
INDONESIAN SUB-BITUMINOUS COAL SWAPS FOR MAY 2012 DELIVERY WAS STABLE THIS WEEK


COALspot.com - Indonesian sub-bituminous coal swaps for May deliveries stable this week, according to DSP of SGX AsiaClear OTC Coal Swaps. In the meantime, CFR South China Coal contracts for May 2012 delivery also almost stable this whole week.

The May 2012 swap contract for Indonesia sub-bituminous coal was opened Monday at US$ 76.80 / MT and closed on Friday at US$ 76.67 / MT declined US$ 0.13 (0.16 percent) compared to Monday opening , according to SGX AsiaClear OTC Coal Swaps.

CFR South China Coal contracts fell US$ 0.60 (0.58 percent) to US$ 102.40 per mt for the same period.



A commodity swap is a financial agreement whereby a floating, or spot, price is exchanged for a fixed rate over a specified contract period.

The Q2  swap contract for Indonesia sub-bituminous coal was slightly down to US$76.58 a metric ton on Friday  from US$ 77.30  on Monday.

CFR South China Coal contract declined US$ 0.50 (0.48 percent) per mt to US$ 102.83 compared to Monday opening of US$ 103.33, according to data released by SGX.



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