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Tuesday, 24 November 15
COAL PRICES SET TO REMAIN UNDER PRESSURE UNTIL 2016 DUE TO OVER SUPPLY GLUT; H1 '16 COAL SWAPS DOWN 13% M-M
coal mine price downCOALspot.com: API 5 FOB Newcastle Coal swap for Q1’ 2016 delivery slid $5  per ton (12.05%) month over month to US$ 36.50 per ton. The swap was closed at US$ 36.50 on 20 November 2015 compared to a week ago closing price of US$ 36.75 per ton.

API 5 FOB Newcastle Coal Swap
FOB Newcastle Coal swap average for Q2’ 2016 delivery also declined US$ 5.30 per ton month over month on 20 November and closed at US$ 36.20 a ton. The swap for average Q2’ 2016 delivery weak on month and week over week, according to SGX AsiaClear OTC coal swap's reports released for the period 16 - 20 November 2015.

Average Q3’ 2016 delivery swap closed at US$ 36 a ton on 20 November 2015, US$ 5.50 (13.25%) lower compared to a month ago closing price of US$ 41.50 per mt.

Q1' 2016 Vs Q3’ 2016
API 5 FOB Newcastle coal swap for average Q1’ 2016 delivery closed at US$ 36.50 pmt on 20 November 2015, US$ 0.50 higher than Q3’ 2016 closing price of US$ 36 per mt.

Q2 Vs Q3’ 2016
API 5 FOB Newcastle coal swap for average Q2’ 2016 delivery closed at US$ 36.20 pmt on 20 November  2015, US cents 20 higher than Q3’ 2016 closing price of US$ 36 per mt on 20 November.

According to the available data, Q2 as well as Q3’ 2016 delivery swaps were lower compared to Q1’16 delivery swap for this past week.

Q1'16, Q2 & Q3 2016 delivery swaps declined month over month and week on week this past week.
Data Source: SGX

The above report is subject to SGX’s and COALspot.com’s disclaimer clauses. The DSP above is 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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Recent News

Monday, 14 December 15
CFR SOUTH CHINA COAL SWAP IS STILL SLIDING
COALspot.com: API 8 CFR South China Coal swap for Q1’ 2016 delivery declined US$ 0.93(2.18%) per ton month over month. A commodity swap ...


Sunday, 13 December 15
THE LOW VESSEL DEMANDS PUSHED DOWN BALTIC DRY INDEX FURTHER DOWN
COALspot.com: The low vessel demand across nearly all vessel sizes pushed the Baltic Exchange’s main sea freight index further down in this F ...


Sunday, 13 December 15
DRY BULK RATES KEEP ON FALLING AS LOW VESSEL DEMAND IS STILL THE NORM - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market nowadays is in an endless downward spiral, which as it turns out is unable to recover, at least as long as the current balance ...


Friday, 11 December 15
US COAL PRODUCTION UP 7.7% IN WEEK ENDED DECEMBER 5, 2015
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 16.1 million shor ...


Thursday, 10 December 15
LIENING CARGO - WHICH LIEN CLAUSE APPLIES TO THE BILL OF LADING? : WIKBORG REIN | HELLENIC SHIPPING NEWS
KNOWLEDGE TO ELEVATE In a dry bulk market where a charterer is not paying freight or hire, its counterparty is often left to consider whether ...


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