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Saturday, 21 April 12
INDONESIAN SUB-BITUMINOUS COAL SWAPS DROP 2.61 PERCENT THIS WEEK


COALspot.com - Indonesian sub-bituminous coal swaps fell for a fifth day, according to DSP of SGX AsiaClear OTC Coal Swaps.

CFR South China Coal contracts for May 2012, delivery also fell 1.91 percent compared to Monday opening.

The May 2012 swap contract for Indonesia sub-bituminous coal declined US$1.55 (2.61 percent)  to US$76.75 a metric ton yesterday from US$ 78.30  Monday, according to SGX AsiaClear OTC Coal Swaps.

CFR South China Coal contracts fell US$ 2 (1.91 percent) to US$ 102.50 per mt for the same period.

A commodity swap is a financial agreement whereby a floating, or spot, price is exchanged for a fixed rate over a specified contract period.

The Q2  swap contract for Indonesia sub-bituminous coal also declined US$1.72 (2.19 percent)  to US$76.58 a metric ton yesterday from US$ 78.30  on Monday, meantime, CFR South China Coal contract declined US$ 1.66 (1.59 percent) per mt to US$ 102.67 compared to Monday opening, according to data released by SGX.



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