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Monday, 23 June 14
COAL SWAPS DROPS FURTHER MONTH ON MONTH ON WEAK DEMAND

COALspot.com: API 8 CFR South China Coal swaps for average Q3 14 deliveries lost 6.91 percent  month on month and closed at US$ 69.00 per mt as on Friday 20 June 2014. The CFR South China Coal swap for delivery Q4 2014 lost on week and on month according to SGX AsiaClear OTC coal swap's reports released week ended 20 May 2014.

Q4 delivery swap closed at US$ 70.70 a ton on 20 June  2014, a US$ 4.50 lower from a month and US$ 2.17 lower from a week ago closing of US$ 72.87. API 8 CFR South China coal shipment price for Q1'15 delivery has also lost US$ 3.82 month on month.

Q1’15 delivery swap closed at US$ 72.25 pmt on 20 June 2014, a $ 3.25 higher compared to Q3’ 2014 closing for the same period.

API 8 CFR South China Coal swap for average Q4’ 2014 deliveries closed US$ 1.70 (2.46%) higher compared to average Q3’ 2014 delivery price of US$ 69.00 on 20 June 2014. In the meantime, the average Q1 2015 coal swap was also closed  4.71 percent (US$ 3.25) higher than Q3’ 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 Q3 prices.

Market is showing a positive move in Q4, instead of week on week or month on month weak trend. Q3 and Q4 delivery lost significantly on month on month.

API 8 CFR South China Coal for Q3’ 2014 delivery swap was achieved a highest price (US$ 70.97) on 16 June 2014, and swap experienced a lowest closing (US$ 68.92) on 19 June 2014.

API 8 CFR South China Coal swaps for deliveries Q3 and Q1 2015 were lost on week and on month.

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



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Recent News

Wednesday, 18 June 14
CHINESE STEEL PRODUCTION SETS RECORD DURING FIRST TEN DAYS OF JUNE - COMMODORE RESEARCH & CONSULTANCY
Recently released data shows that average daily crude steel production at China's key steel mills hit a record high of 1.833 million tons durin ...


Wednesday, 18 June 14
MARKET INSIGHT - TIMOS PAPADIMITRIOU
Back in January the expectations for Q3 and Q4 were more than great. Talks and claims for a rising BDI and a healthy market were coming from everyw ...


Tuesday, 17 June 14
DRY BULK FREIGHT RATES TO RISE DURING THE SECOND HALF OF 2014, AS CHINA IS EXPECTED TO START IMPORTING MORE IRON ORE FROM BRAZIL - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
In its latest analysis of the dry bulk market, BIMCO said that it doesn’t expect freight rates to react significantly to increased demand bef ...


Monday, 16 June 14
INDONESIAN COAL SWAPS FOR Q3 DELIVERY FALL 2.34 % MONTH ON MONTH
COALspot.com: Indonesian coal swaps for average Q3’ 2014 lost on day, week and on month according to AsiaClear OTC coal swap's reports re ...


Monday, 16 June 14
API 8 CFR SOUTH CHINA COAL SWAPS FALL CONTINUES THIS PAST WEEK
COALspot.com: API 8 CFR South China Coal swaps for average Q3 14 deliveries lost 4.34 percent  month on month and closed at US$ 71.05 per mt a ...


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