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Monday, 21 October 13
SOUTH CHINA COAL SWAP FOR 2014 DELIVERIES SHOW A POSITIVE TREND


COALspot.com : API 8 CFR South China Coal swaps for average Q4 2013 delivery fell 0.02 percept M-M on Friday 18 October 2013. The CFR South China Coal swap for delivery Q4'13, Q3’14 and Cal' 14 gained on day & week, according to SGX AsiaClear OTC coal swap's reports released week ended 18 October 2013.

SGX has launched API 8 CFR South China Coal Swap on 29 April 2013. SGX Thermal Coal Futures to launch on 21 Oct. SGX’s daily swaps daily report shows that, Q3 2014 & Cal 2014 delivery swaps were gained on day, week and on month.

Q3 2014 delivery price closed at US$  81.80  a ton on 18 October 2013, a US$ 0.25 higher from last week. Cal 14, API 8 CFR South China coal shipment prices gained US$ 0.19 PMT (0.23 per cent) on week.

API 8 CFR South China Coal swap for average Q3 2014 delivery closed US$ 3.03 (3.84 %) higher compared to average Q4 2013 delivery price of US$ 78.77 on 18 October 2013. In the meantime, the Cal 2014 coal swap has closed US$  2.24 PMT (2.84%) higher than Q4 2013 swap for the same period.

API 8 CFR South China Coal for Q4 2013 delivery swap has achieved a highest price (US$ 78.77) on 15 & 18 October 2013. In the meantime, swap experienced a lowest level (US$ 78.43) on 14 October 2013.

API 8 CFR South China Coal swap for year 2014 deliveries show a positive move.

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



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