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Sunday, 24 March 13
THE SUB-BIT INDONESIA'S COAL SWAPS FOR Q2 DELIVERY PRICE LOST 7.47 PERCENT PMT M-O-M


COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q2’ 2013 delivery has lost 3.39 percent and CFR South China coal shipment 2.65 W-O-W as of  Friday, 22 March  2013, according to the data released by AsiaClear OTC coal swaps.

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

Indonesia Sub-Bit FOB Coal Swaps
Sub-Bit Indonesia coal swaps (FOB ) for average Q2’ 2013 delivery has lost 3.39 percent  W-W and 2.93 percent on D-D on Friday, 22 March 2013, AsiaClear OTC coal swap's report said on Friday. Sub-Bit FOB Indonesia coal swaps for average Q2’  2013 delivery was opened on 18 March 2013 at US$ 63.40 pmt and closed at US$ 61.25 per MT on 15 March 2013.

Q4’ 2013 deliveries for the sub-bit Indonesia coal swap was opened at US$ 65.18 pmt on 18 March 2013 and closed at US$ 63.10 per MT on 22 March 2013.  Average Q4’ delivery price has lost US$ 2.08 PMT W-o-W and flat D-o-D.

In the meantime, the sub-bit Indonesia's coal swaps for Cal 2014 delivery lost  2.09 percent W-o-W and flat D-o-D.

AsiaClear OTC Sub-Bit Indonesia coal swap for average calendar 2014 delivery closed US$ 4.20 (6.85%) higher compared to average Q2  delivery price of US$ 61.25 on 22 March  2013. In the meantime, the Q4’  2013 coal swap has closed US$ 1.85 (3.02%) higher than Q2 ‘ 2013 swap on 22 March  2013.

The sub-bit Indonesia's coal swaps for Q2’ 13 delivery lost  US$ 4.95 (7.47%) M-O-M.

CFR South China Coal Swaps
CFR South China coal shipment for average Q2’ 2013 delivery price lost 2.65 per cent  W-O-W.

The average Q4’ 2013 delivery price has also lost  W-W and D-D. The contract for the Q2’ 2013 price lost US$ 2.24 per MT W-o-W and closed at US$ 85.87 a ton on 15 March 2013. Q4 CFR South China coal shipment prices lost US$ 1.67 PMT W-W and gained US cents 62 per MT DoD.

CFR South China coal shipments (average Q2’ 2013 delivery) was opened at US$ 84.24 per MT on 18 March  2013  and closed at US$ 82.00 per MT on 22 March 2013 lost US$ 2.24 PMT in a week. The CFR South China coal swaps for Q4’ 2013 delivery also followed Q2 trend lost 2.7 percent (US$ 2.32/ MT) W-o-W.

CFR South China coal swap for average Q4’  2013  delivery closed US$ 1.55 (PMT) higher compared to average Q2’  2013  delivery price. The calendar 2014 coal swap has closed US$ 4.70 (PMT) higher than average Q2 2013 swap.

The CFR South China coal swaps for Q2’ 13 delivery lost  US$ 5.20 (5.96%) M-O-M.

Is Falling Sub-Bit Coal Swaps Pointing To An Another Coal Price Crisis?



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