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Tuesday, 01 September 15
FOB RICHARDS BAY COAL SWAPS STILL SLIDING; Q2'16 DELIVERY LOST AROUND 6 PERCENT M-O-M
coal dozerCOALspot.com: API4 FOB Richards Bay Coal swap for delivery 4Q' 2015 gain week over week but declined month over month.

The 4Q swap was down US$ 2.18 (3.89%) month on month to US$ 53.83 per Mt according to AsiaClear OTC coal swap's reports released on 28 August 2015.

FOB Richards Bay Coal Swaps
API4 FOB Richards Bay coal for (average) 1Q 2016 delivery swap also declines month over month and gained week over week.

According to this past week’s SGX data, the average Q1 swap declined $ 3.13 (5.56%) per MT Month over month and gained US$ 0.67 per MT week over week during 24 - 28 August 2015.

FOB Richards Bay coal swap 1Q’ 2016 delivery closed at US$ 53.17 per MT on 28 August 2015, the data from SGX shows.

2Q' 2016 delivery swap was also followed trend of 4Q’15 and 1Q’16. The swap declines an average of US$ 3.57 (6.34%) month over month to US$ 52.73 on 28 August 2015 compared to US$ 56.30 closed on 28 July 2015. FOB Richards Bay coal swap, as per SGX's data, 4Q’15, 1Q and 2Q’16 delivery swaps gained week over week and declined month on month.

4Q’15 vs 2Q’16
SGX Asia Clear OTC FOB Richards Bay coal 2Q' 2016 delivery swap was closed US$ 1.10 (2.04%) per MT lower compared to average 4Q' 2015 delivery price of US$ 53.83 per MT on 28 August 2015. While, the coal swap for 1Q' 16 delivery, closed average US cents 44 (0.83%) per MT higher than 2Q' 2016 delivery price for the same reported period.

The API4 FOB Richards Bay Coal swap for 4Q' 2015 delivery has achieved a highest price of average US$ 53.83 / MT on 28 August 2015 and has entered its lowest level (US$ 52.21 / MT) on 24 August 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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