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Wednesday, 13 November 13
Y'14 SUB-BIT INDO COAL SWAP MOVING AT SNAIL-SPEED


COALspot.com – Sub-Bit Indonesia coal swap (FOB ) for average Q1’2014  delivery gained 2.95 percept  month on month on Friday 8 November 2013. The Indonesian coal swaps for average Q1’ 2014 fell down on day, but up on week, according to AsiaClear OTC coal swap's reports released last Friday.

Sub-Bit FOB Indonesia coal swap for (average) Q1’ 2014 delivery was closed at US$ 60.59 per MT or US$ 0.36 higher 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$ 61.27 per MT on 8 November 2013, US$ 0.03 lower than last Friday (1 November 2013) price. The average Cal 2014 delivery price gain on Month and week but lost on day.

Coal swap for Q3 2014, delivery lost W-W and M-M.

Asia Clear OTC Sub-Bit Indonesia coal swap for average Q3’14 delivery closed US$ 0.68 (1.12 %) higher compared to average Q1’ 2014 delivery price of US$ 60.59 on 8 November 2013.  In the meantime, the average Cal’ 14 coal swap has closed US$ 0.62 (1.02 %) higher than Q1’ 2014 swap for the same period.

Coal swap for delivery Q1’ 2014 gained US$ 0.36 (0.59%) and US$ 1.74 (2.95%) on W-W and M-M respectively. Cal 14 delivery price has gained US$ 0.06 (0.09%) and US$ 0.31 (0.50%) on W-W and M-M respectively on 8 November.

The sub-bit Indonesia's coal swap for Q1’ 2014 delivery has achieved highest price (US$ 60.59 / MT) on 8 November 2013. In the meantime, swap has reached its lowest level (US$ 60.45 / MT) on 4 November 2013.

Sub-Bit Indonesia coal swap (delivery Q3’ 2014) down on month and week.

The price movement in year 2014 is not showing a positive trend and the move is at snail-speed. The price difference between Q1 and Q3 price is still lesser than a dollar per mt. If the market continues on this trend, then the 2014 coal market may move flat without any significant improvements.

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



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