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Wednesday, 03 September 14
CFR S.CHINA COAL SWAP FOR JAN 2015 DELIVERY CLOSED AT $ 68.30 PMT; DOWN 2.43% W-O-W

COALspot.com: API 8 CFR South China Coal swap for delivery in October 2014 decreased US$ 0.95 (-1.39%) day on day and US$ 1.40 (-2.03%) week on week.

CFR South China Coal swap
South China Coal swaps the month over month gained around US$ 0.60 on 29 August and closed at US$ 67.50 a ton. The swap for January 2015 delivery also lost on day, week over week and month on month according to SGX AsiaClear OTC coal swap's reports released week ended 29 August  2014.

January 2015 delivery swap closed at US$ 68.30 a ton on 29 August 2014, a US$ 0.15 (-0.22%) lower from a month and US$ 1.10 lower from previous day closing of US$ 71.70 per mt.

API 8 CFR South China coal swap for October 2015 delivery has also lost US$ 1.05 (-1.46%) and US$ 0.80 (-1.12%) on day and month respectively. The swap was lost around US$ 2.25 (-3.09%) per mt week on week.  January 2015 delivery swap closed at US$ 68.30 pmt on 29 August 2014, a $ 0.80 (+1.19%) higher compared to October 2014 closing price of US$ 67.50 for the same period.

API 8 CFR South China Coal swap for average October 2015 delivery closed US$ 3.15 (+4.67%) higher compared to average October 2014 delivery price of US$ 67.50 on 29 August 2014. According to this past week's swaps trend, January 2015 coal swaps closed marginally higher compared to October 2014 closing. However October 2015 closing swap were quite higher or higher by US$ 3.15 per MT compared to October 2014 closing prices, giving hope the market is trying to improve in spite of low demand and high output.

API 8 CFR South China Coal for September 2014 delivery swap was achieved a highest price (US$ 69.05) on 26 August 2014, and swap experienced a lowest closing (US$ 67.50) on 29 August 2014.

API 8 CFR South China Coal swaps for delivery October 2014 and January & October 2015 were lost day over day, and week on week.

Richards Bay Thermal Coal swap
SGX API 4 FOB Richards Bay Thermal Coal swap for delivery October 2014 lost US$ 1.10 week over week and closed at US$ 70.35 on 29 August 2014.  January as well as October 2015 delivery swaps also failed to perform positive lost  US$ 1.35 and US$ 0.50 respectively.

Newcastle Thermal Coal swap
SGX API 5 FOB Newcastle Thermal Coal swaps October 2014 delivery lost US$ 1.10 per MT week on week on 29 August 2014, closed at US$ 56.55 per Mt. October 2015 delivery swaps closed at US$ 60.00, a $ 3.45 higher than October 2014 closing price.

The above article is subject to SGX’s and COALspot.com’s disclaimer clauses. The DSP above are reported on a best-effort basis SGX’s daily report and are not guaranteed to be accurate or error free. Users are advised to refer to the official DSP available through the clearing members.



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