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Sunday, 06 May 12
INDONESIAN SUB-BITUMINOUS COAL & CFR SOUTH CHINA SWAPS SLIGHTLY DROP THIS WEEK


COALspot.com - Indonesian sub-bituminous coal swaps and CFR South China coal contracts for June deliveries slightly dropped this week.

According to DSP of SGX AsiaClear OTC coal swaps, Indonesian sub-bituminous coal swaps closed at US$ 74.75/ MT on 04 May 2012, 8pm SG Time. In the meantime, CFR South China coal contracts for June 2012 delivery closed at US$ 100.50.

The June 2012 swap contract for Indonesia sub-bituminous coal was opened Monday at US$  76.52/ MT and closed on Friday at US$  74.75 / MT declined US$ 1.77 (-2.31percent) compared to Monday opening , according to SGX AsiaClear OTC Coal Swaps.

CFR South China Coal contracts fell US$ 2.00 (-1.95 percent) to US$ 100.50 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 Q3  swap contract for Indonesia sub-bituminous coal was also slightly down to US$ 74.50 a metric ton on Friday  from US$ 76.75 on Monday opening.

CFR South China Coal contract declined US$ 1.25 (-1.22 percent) per mt to US$  101.00 compared to Monday opening of US$ 102.25, according to data released by SGX.



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