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Monday, 25 November 13
THE SUB-BIT INDONESIA COAL SWAP MOVEMENT IN YEAR 2014 IS STILL FAR FROM PROMISING


COALspot.com – Sub-Bit Indonesia coal swap (FOB ) for average Q1’ 14  delivery gained $ 2.54 pmt month on month on Friday 22 November 2013. The Indonesian coal swaps for average Q1’ 2014 gained on day, week and month, according to AsiaClear OTC coal swap's reports released last Friday.

Sub-Bit FOB Indonesia coal swap for (average) Q1’ 14 delivery was closed at US$ 60.90 per MT or US$ 0.38 higher compared to the a week ago closing.

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$ 61.10 per MT on 22 November 2013, US$ 0.10 higher than last Friday (15 November 2013) price or US$ 0.05 higher than D-D. The average Q4’ 14 delivery price gain on day and on week.

Coal swap for Q3’ 14, delivery gained D-D and W-W and lost M-M.

Asia Clear OTC Sub-Bit Indonesia coal swap for average Q3’ 14 delivery closed just US$ 0.20 (0.32%) higher compared to average Q1’ 2014 delivery price of US$ 60.90 on 22 November 2013.  The closing price difference between Q1 and Q3 was marginal and not showing any positive move in 2014. In the meantime, the average Q4’ 14 coal swap has closed US$ 0.67 (1.10%) higher than Q1’ 2014 swap for the same period.

Coal swap for delivery Q1’ 2014 gained US$ 0.15 (0.24%) and US$ 2.54 (4.35%) on D-D and M-M respectively. Q4’ 14 delivery price has gained US$ 0.07 (0.11%) on D-D on 22 November.

The sub-bit Indonesia's coal swap for Q1’ 2014 delivery has achieved highest price (US$ 60.90/ MT) on 22 November 2013. In the meantime, swap has reached its lowest level (US$ 60.60/ MT) on 18 November 2013.

Sub-Bit Indonesia coal swap (delivery Q3’ 2014) down on month but marginally gained on day–day and week.

The price movement in year 2014 is not promising. The price differences between Q1 and Q3 or Q1 and Q4 are 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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Recent News

Friday, 15 November 13
TAIWAN'S PLASTICS GROUP FORMOSA TO IMPORT 1.37 MILLION TONS OF COAL FOR Q1' 14
COALspot.com: Taiwan's Formosa Plastics Group is inviting bids for total 1.37 million mt of coal for 1Q’ 14 for its various plants in Taiwan, ...


Thursday, 14 November 13
KOMIPO TO BUY 270K MT OF SUB-BITUMINOUS COAL FOR Q2' 14
COALspot.com : Korea Midland Power Co., Ltd. has invited bids through International Open Bidding for 140,000 Metric Tons (MT) of sub-bituminous coal ...


Thursday, 14 November 13
PANAMAX : MARKET SHOULD BE AROUND USD 11500 FOR 1 YEAR - FEARNLEYS AS
Handy The Atlantic market has picked up this week with prompt ships able USG for November dates coming off and chrts need to pay up in order to cov ...


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 ...


Wednesday, 13 November 13
Q3' 14 CFR SOUTH CHINA COAL SWAPS CLOSED HIGHER THAN Q1' 14 PRICES
COALspot.com : API 8 CFR South China Coal swaps for average Q1 14 delivery gained 0.55 percept W-W on Friday 8 November 2013. The CFR South China Co ...


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