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Sunday, 23 September 12
AN ANOTHER UNSTABLE WEEK FOR INDONESIAN COAL SWAPS


COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for November 2012 delivery lost 1.10 percent and 0.916 percent WOW and DOD respectively on Friday, 21 September 2012, closing, according to the data released by AsiaClear OTC coal swaps on 21 September 2012.

Sub-Bit FOB Indonesia coal swaps for November 12 delivery opened on Monday, 17 September 2012 at US$ 62.32 pmt and closed on Friday (21 September 2012) at $  61.63 lost around $ 0.69pmt. November 2013 deliveries also lost US$ 0.40 per MT for the same period.

Average November 2013 deliveries for  Sub-Bit Indonesia coal opened at $ 70.15 pmt on 17 September 2012 and closed $ 69.75on 21 September 2012.

CFR South China coal shipments for November 12 and November 13 deliveries increased  on WOW but fell DOD.


On 17 September CFR South China coal shipments (delivery November 2012) was opened at $  83.20 and closed on 21 September at $ 83.25 up $ 0.05 pmt. The CFR South China coal swaps for November deliveries up 0.060 percent but dropped 0.597 percent on W-O-W and  D-O-D respectively o 21 September.

Sub-Bit FOB Indonesia coal contracts for November 2012 delivery closed at US$ 61.63 on Friday (21 September 2012) compared to US$ 62.32 Monday opening, lost US$ 0.69 per MT. CFR South China coal November delivery also lost US$ 0.50 pmt DOD on Friday (21 September) closed at US$ 83.25 against US$ 83.75 Thursday closing.

CFR South China coal, Nov-13 delivery gained 0. 440 percent W-o-W and lost 0. 544 percent D-O-D. Sub-Bit FOB Indonesia coal contracts for Nov13 delivery lost 0. 570 percent or US$ 0.40 pmt W-o-W and lost 0.641percent D-O-D and closed at US$  69.75.

A commodity swap is a financial agreement whereby a floating, or spot, price is exchanged for a fixed rate over a specified contract period. (Last updated on 17 September 2012).

Indonesian government declared minimum selling price has gained 1.84 percent in September on MoM.

Indonesia, the world largest multi grade coal exporter, shipped  26,451,565* tons of coal in August 2012, compared to 27.88* million tons in July 2012. The August coal exports down or drops 5.15 percent from compared to July exports.

According to available information from coal exporters, the India was the largest importer of Indonesian coal in July and August overpasses China as the largest Indonesian coal importer in past. China’s Indonesian coal imports has dropped to 4.99* million tons in August, in the meantime India's imports stable at 7.57* million tons. Indian utilities import 11.40 percent more coal in August compared to its July Imports.



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