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Wednesday, 11 March 15
RICHARDS BAY COAL SWAPS DROP $ 3.65 - 4.0/T W-O-W
Coal GrabCOALspot.com: API 4 FOB Richards Bay Coal swap for delivery Q2' 2015 declined month over month and week on week.

The Q2 swap has fell US$ 1.66 (2.72%) month on month to US$ 59.37 per Mt according to AsiaClear OTC coal swap's reports released on 6 March.

FOB Richards Bay Coal Swaps
API 4 FOB Richards Bay Coal for (average) Q3' 2015 delivery also lost its advance month on month.  The average Q3 swap lost $ 2.25  (3.74%) per MT month on month and US$ 4.00 per MT week over week during 2 – 6 March 2015, the this past week’s SGX data shows. According to available data, FOB Richards Bay coal swap Q3’ 2015 delivery closed at US$ 57.90 per MT on 6 March 2015.

Q4' 2015 delivery swap has follows Q2 and Q3 swaps trend and declined average US$ 2.10 (3.51%) month over month and closed at US$ 57.70 on 6 March 2015 compared US$ 59.80 closed on 6 February 2015. FOB Richards Bay coal swap, as per SGX's data, particularly for Q2, Q3 and Q4 '2015 deliveries declined month over month and significantly fell week over week.

Q2 vs Q3
SGX Asia Clear OTC FOB Richards Bay coal Q3' 2015 delivery swap closed US$ 1.47 (2.48%) per MT lower compared to average Q2' 2015 delivery price of US$ 59.37 per MT on 6 March 2015. while, the coal swap for Q4' 2015 delivery, closed average US$ 1.67 (2.81%) per MT lower than swap for Q2' 2015 delivery for the same reported period.

The API 4 FOB Richards Bay Coal swap for Q2' 2015 delivery has achieved a highest price of average US$ 61.97 / MT on 2 March 2015 and has entered its lowest level (US$ 59.37 / MT) on 6 March 2015.
Data Source: SGX

The above report 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. Readers are advised to refer to the official DSP available through the clearing members.


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