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Monday, 30 June 14
WEEKLY CFR SOUTH CHINA COAL SWAPS DECLINE CONTINUES; Q1'15 LOST US$ 4.55 PMT IN A WEEK

COALspot.com: API 8 CFR South China Coal swap for delivery in Q3 fell US$ 5.25 month on month on Friday, dipping under $69 a tone. 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 27 May 2014.

Q4 delivery swap closed at US$ 70.17 a ton on 27 June  2014, a US$ 4.80 lower from a month and US$ 0.53 lower from a week ago closing of US$ 70.70. API 8 CFR South China coal shipment price for Q1'15 delivery has also lost US$ 4.55 month on month.

Q1’15 delivery swap closed at US$ 71.38 pmt on 27 June 2014, a $ 2.70 higher compared to Q3’ 2014 closing for the same period.

API 8 CFR South China Coal swap for average Q4’ 2014 deliveries closed US$ 1.49 (2.17%) higher compared to average Q3’ 2014 delivery price of US$ 68.68 on 27 June 2014. In the meantime, the average Q1 2015 coal swap was also closed 3.93 percent (US$ 2.70) 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. However, the world coal analysts are in opinion that, oversupply and weak consumption of coal are expected to continue for the rest of this year and or first half of next year. If the strong output continues, particularly in countries such as Indonesia, Australia, South Africa and Colombia, then the price recovery will be delayed by another 6 to 12 months.

API 8 CFR South China Coal for Q3’ 2014 delivery swap was achieved a highest price (US$ 68.68) on 27 June 2014, and swap experienced a lowest closing (US$ 67.67) on 24 June 2014.

API 8 CFR South China Coal swaps for delivery Q3, Q4 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

Monday, 07 July 14
RBCT, THE WORLD'S SINGLE LARGEST EXPORT COAL TERMINAL SHIPPED 31.91 MMT OF COAL IN H1 2014
COALspot.com: South Africa's Richards Bay Coal Terminal (RBCT) the world’s single largest export coal terminal, shipped 31.91 million ton ...


Monday, 07 July 14
SOUTH AFRICA'S RICHARDS BAY COAL TERMINAL SHIPPED 12% LESS COAL IN JUNE COMPARED TO MAY EXPORTS
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Monday, 07 July 14
INDONESIAN SUB-BIT COAL SWAPS FOR Q3 DELIVERY CRASHES THROUGH $ 54.50
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, 07 July 14
API 8 CFR SOUTH CHINA COAL SWAPS SHOW A DOWNWARD TREND THIS PAST WEEK
COALspot.com: API 8 CFR South China Coal swap for delivery in Q3 drops US$ 5.47 month on month on Friday, dipping under $68 a ton. The CFR South Ch ...


Sunday, 06 July 14
PANAMAX INDEX BEING THE BIGGEST GAINER THIS WEEK; UP 52.75% W-O-W
COALspot.com: This week there was some positive signs in all the sectors. The Panamax index being the biggest gainer this week after losing for sev ...


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