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Tuesday, 11 August 15
2016 CFR S.CHINA COAL SWAPS CLOSED SLIGHTLY HIGHER THAN 4Q 2015 CLOSING PRICES; BUT NOT SIGNIFICANT
Coal dozerCOALspot.com: API 8 CFR South China Coal swap for 4Q’ 2015 delivery declined just US cents 10 (0.20%) per MT month over month.

A commodity swap is a financial agreement whereby a floating price is exchanged for a fixed rate over a certain period of time.

According to DSP of SGX AsiaClear thermal coal derivatives, as reported on Friday 7 August 2015, performance of CFR South China Coal swap 1Q & 2Q 2016 deliveries were also declined month over month and gains week on week.

CFR South China Coal swap
CFR South China Coal swap average for 1Q’16 delivery declined US cents 15 per Mt month over month on 7 August 2015 closed at US$ 50.75 a ton. The swap average for 2Q’ 2016 delivery also fell month over month but gain week over week, according to SGX AsiaClear OTC coal swap's reports released week ended 7 August 2015.

2Q’ 2016 delivery swap closed at US$ 50.75 a ton on 7 August 2015. This past week’s 2Q’ 16 delivery swaps lost only US cents 15 per MT compared to the closing price of $ 50.90 per MT for the same period last month.

4Q, 1Q and 2Q’2016 coal swaps gained week over week and declined month on month.

4Q' 2015 vs 2Q’ 2016
API 8 CFR South China coal swap average for 4Q’15 delivery closed at US$ 50.62 pmt on 7 August 2015 a US cents 0.13 lower than 2Q 2016 closing price of US$ 50.75 per mt.

1Q vs 2Q’ 2016
API 8 CFR South China Coal swap average for 1Q’16 delivery closed at US$. 50.75 the same price of 2Q’16 delivery price of US$ 50.75 per MT on 7 August 2015.

According to this past week's swaps trend, average for deliveries 4Q’15, 1Q & 2Q 2016 were declined month over month but gained slightly week over week. 2016 coal swaps closed slightly higher than 4Q 2015 closing price of US$ 50.62 per MT, but it is not significant to measure the direction of market in 2016.
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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Tuesday, 15 September 15
Q2'16 RICHARDS BAY COAL SWAPS DIP TO $ 51.10 PER TON
COALspot.com: API4 FOB Richards Bay Coal swap for delivery 4Q' 2015 declined week over week and month over month. The 4Q swap was down US$ ...


Tuesday, 15 September 15
API 5 FOB NEWCASTLE COAL SWAP FOR 4Q' 2015 DELIVERY CLOSED AT $42.71 PER TON ON 11 SEPT, SGX DATA SHOWS
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Monday, 14 September 15
Q1'16 CFR SOUTH CHINA COAL SWAP DECLINED $1.80 PMT M-M
COALspot.com: API 8 CFR South China Coal swap for 4Q’ 2015 delivery declined just US$ 1.62 (3.21 %) per MT month over month. A commodity ...


Monday, 14 September 15
MOODY'S LOWERS COMMODITY PRICE ASSUMPTIONS ON MACRO, INDUSTRY FACTORS
COALspot.com: Moody's Investors Service has lowered its base metal price assumptions for 2015-17 as slowing growth in China, lower oil prices, ...


Sunday, 13 September 15
FREIGHT RATES ARE EXPECTED TO BE SOFT NEXT WEEK
COALspot.com: The BDI decreased further by 6.51 per cent or 57 points since last Friday and closed at 818 on 11 September 2015 while the cape index ...


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