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Sunday, 29 September 13
SUB-BIT INDONESIA COAL SWAP FELL ON MONTH AND WEEK


COALspot.com – Sub-Bit Indonesia coal swap (FOB ) for average Q4 2013 delivery fell 3.93 percept  month on month on Friday 27 September 2013. The Indonesian coal swap for average Q4 2013 lost on day, week and on month week ended 27 September, according to AsiaClear OTC coal swap's reports released this week.

Sub-Bit FOB Indonesia coal swap for (average) Q4 2013 delivery was closed at US$  58.28 per MT or US$ 0.59 lower compared to the same period last week.

DSP of SGX AsiaClear OTC Coal Swaps - Sub-Bit FOB Indonesia Coal


Q3 2014 delivery for the sub-bit Indonesia's coal swap was closed at US$ 61.98 per MT on 27 September 2013, US$ 0.21 higher than last Friday (20 September 2013). The average Cal 2014 delivery price fell on day and on month but gained week on week.

Coal swap for Q3 2014, delivery fell on month, but gained on day and week.

Asia Clear OTC Sub-Bit Indonesia coal swap for average Q3 2014 delivery closed US$ 3.70 (6.34 %) higher compared to average Q4 2013 delivery price of US$ 61.98 on 27 September 2013.  In the meantime, the average cal 2014 coal swap has closed US$ 2.87 (4.92 %) higher than Q4 2013 swap for the same period.

Coal swap for delivery Q4 2013, Q3 2014 & Cal 2014 delivery, lost US$ 2.39 (3.93%), US$ 0.54 (0.86%) and US$ 0.85 (1.37%) month on month respectively on Friday, 27 September 2013.

The sub-bit Indonesia's coal swap for Q4 2013 delivery has achieved highest price (US$ 58.79 / MT) on 23 September 2013. In the meantime, swap has reached its lowest level (US$ 58.28  / MT) on 27 September 2013.

Sub-Bit Indonesia coal swap (delivery Q4, 2013) was fell on day, week and on month. The swap was Q3 2014 delivery slightly or marginally up on week.

Strong supply and less demand together still putting pressures on prices of Indonesian coal. According to Fitch Ratings, the oversupply of coal will be expected at least until 2014. Hence the pressures on coal prices are also expected to continue at least until 2014.

The above article is subject to SGX’s and COALspot.com’s disclaimer clauses.



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Sunday, 22 September 13
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Sunday, 22 September 13
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Friday, 20 September 13
SHIP OWNERS INVEST MORE THAN $9.2 BILLION ON NEW BUILDING VESSELS DURING AUGUST - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
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