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Monday, 26 October 15
CFR SOUTH CHINA COAL SWAPS CLOSE DOWN 4.3% AS DEMAND CONCERNS WEIGH
coal conveyorCOALspot.com: API 8 CFR South China Coal swap for 4Q’ 2015 delivery down just US$ 1.48 (3.02 %) per ton 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 26 October 2015, performance of CFR South China Coal swap Q4’15, Q1 & Q2 2016 deliveries were declined month over month and week over week.

CFR South China Coal swap
CFR South China Coal swap average for 1Q’16 delivery declined US$ 2.10 per ton month over month on 23 October 2015 closed at US$ 46.75 a ton. The swap average for Q2’ 2016 delivery also decreased month over month, according to SGX AsiaClear OTC coal swap's reports released week ended 23 October 2015.

Q2’ 2016 delivery swap closed at US$ 46.75 a ton on 23 October 2015. This past week’s Q2’ 16 delivery swaps lost US$ 2.10 per ton compared to the closing price of $ 48.85 per ton for the same period last month.

Q4’2015, Q1and Q2’2016 coal swaps declined month on month and week over week.

Q4' 2015 vs Q2’ 2016
API 8 CFR South China coal swap average for Q4’15 delivery closed at US$ 47.53 per ton on 23 October 2015 a US cents 0.78 higher than Q2 2016 closing price of US$ 46.75 per ton.

Q1 vs Q2’ 2016
API 8 CFR South China Coal swap average for Q1’16 delivery closed at US$ 46.75 the same price of Q2’16 delivery price of US$ 46.75 per ton on 23 October 2015.

According to this past week's swaps trend, average for deliveries Q4’15, Q1 & Q2 2016 were declined month over month and week over week. 2016 coal swaps closed slightly lower than Q4 2015 closing price of US$ 47.53 per ton.
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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