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Monday, 24 February 14
Q1 2015 DELIVERY COAL SWAP CLOSED AT 2.62% HIGHER THAN Q2 2014 CLOSING SWAPS


COALspot.com: API 8 CFR South China Coal swaps for average Q2 14 deliveries lost 2.68 percent month on month and closed at US$ 76.20 per mt as on Friday 21 February 2014. The CFR South China Coal swap for delivery Q4 2014 lost on a month but gained on day and week according to SGX AsiaClear OTC coal swap's reports released week ended 21 February 2014.

SGX has launched SGX Thermal Coal Futures on 21 Oct 2013.

Q4 delivery swap closed at US$ 77.70 a ton on 21 February 2014, a US$ 0.28 higher from a week and US$ 1.60 lower from month on a month. API 8 CFR South China coal shipment price for delivery Q1’ 15, lost US$ 0.13 on week and gained $ 0.27 on a day.

Q1’15 delivery swap closed at US$ 78.20 pmt on 21 February 2014, a $ 2.00 higher compared to Q2’ 2014 closing.

API 8 CFR South China Coal swap for average Q4’ 2014 deliveries closed US$ 1.50 (1.97%) higher compared to average Q2’ 2014 delivery price of US$ 76.20 on 21 February 2014. In the meantime, the average Q1 2015 coal swap was also closed US$ 2.00 PMT (2.62%) higher than Q2’ 2014 swaps for the same period. According to this last week's swaps trend, Q4 2014 and Q1 2015 coal swaps are higher compared to Q2 prices. Q2 & Q4 delivery prices also gained week and month but fell month on a month.

API 8 CFR South China Coal for Q2’ 2014 delivery swap was achieved a highest price (US$ 76.73) on 17 and 18 February 2014, and swap experienced a lowest closing (US$ 76.17) on 20 February 2014.

API 8 CFR South China Coal swaps for deliveries Q2, Q4 fell on a month.  Q1’ 15 delivery swaps fell on day and week. 

Second half of this year is still showing a positive trend for coal swaps. Indonesia's plan to cap output of coal in 2014 may support strengthening of coal prices in coming months. However, another plan that to increase the royalty for coal for the small scale or medium scale miners (IUP holders) might backfire as country's competitiveness on coal supply might fall under risk if the cost of coal or net export price increase drastically due to higher royalty.

World's coal industry is still struggling to catch-up, but it is seemed to be far away to reach the miners target.

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



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Recent News

Tuesday, 29 April 14
Q4 SUB-BIT INDONESIA COAL SWAP CLOSED US$ 1.07 HIGHER COMPARED TO Q2 DELIVERY PRICE
COALspot.com: Indonesian coal swaps for average Q2’ 2014 gain on month and on week according to AsiaClear OTC coal swap's reports rele ...


Tuesday, 29 April 14
NEWCASTLE SHIPPED 3.03 MILLION TONS WEEK ON WEEK
COALspot.com: In the week ended 07:00 hours 28 April 2014, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensl ...


Tuesday, 29 April 14
Q2 API 8 CFR SOUTH CHINA COAL SWAP LOST 0.29% MONTH ON MONTH
COALspot.com: API 8 CFR South China Coal swaps for average Q2 14 deliveries lost 0.29 percent month on month and closed at US$ 75.43 per mt as o ...


Monday, 28 April 14
CHINA LIKELY TO FALL SHORT OF NUCLEAR POWER TARGETS AT 175GW OF CAPACITY BY 2030 - WOOD MACKENZIE
Coal will remain dominant supply at 64% of power mix Wood Mackenzie forecasts that China will not meet its environmentally-driven, government ...


Sunday, 27 April 14
INDONESIA TO INDIA FREIGHT RATES ARE EXPECTED TO BE STEADY NEXT WEEK
COALspot.com: The freight market seems to have bottomed out and saw some marginal gains in all segments, said Capt. Reddy of Vistaar Shipping In ...


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