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Saturday, 19 May 12
INDONESIAN SUB-BITUMINOUS COAL SWAPS DROP US$ 2.88 PMT W-O-W


COALspot.com - Indonesian sub-bituminous coal swaps and CFR South China coal contracts for June deliveries have drops this week by 3.86 percent and  3.81 percent respectively.

According to DSP of SGX AsiaClear OTC coal swaps, Indonesian sub-bituminous coal swaps closed at US$ 71.75/ MT on 18 May 2012, 8pm SG Time compared to Monday opening of US$74.63. In the meantime, CFR South China coal contracts for June 2012 delivery closed at US$ 94.60 instead of 98.35 Monday Opening.

The June 2012 swap contract for Indonesia sub-bituminous coal was opened Monday at US$  74.63/ MT and closed on Friday at US$  71.75 / MT declined US$  2.88  (- 3.86 percent W-o-W) , according to SGX AsiaClear OTC Coal Swaps.

CFR South China Coal contracts fell US$  3.75  (-3.81 percent W-o-W) to US$ 94.60 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 Q4  swap contract for Indonesia sub-bituminous coal was also dropped US$ 3.15 / MT to US$ 72.20 a metric ton on Friday  from US$ 75.35 on Monday opening.

CFR South China Coal contract declined US$ 3.82  (- 3.82 percent) per mt to US$  96.18 compared to Monday opening of US$ 100.00, according to data released by SGX.



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