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Friday, 05 April 13
SGX API 8 CFR SOUTH CHINA COAL SWAPS TO GO LIVE


COALspot.com - The Exchange has announced  that the SGX API 8 CFR South China Coal Swap will go live for clearing on SGX-DC starting from 29 April 2013.

According to a note from exchange, the SGX API 8 CFR South China Coal Swap will replace the existing SGX OTC CFR South China Coal Swap which was based on the IHS McCloskey/Xinhua Info link South China 5,500 kcal/kg NAR CFR Marker.

The new contract will be based on the API 8 index which is a combination of (1) IHS McCloskey/Xinhua Info link South China (5,500 kcal/kg NAR) CFR Marker as published by McCloskey; and (2) Argus 5,500 kcal/kg CFR South China Price Assessment as published by Argus Media.

This is in response to the increasing importance of coal trading and risk management activities in Asia based on the API 8 index, SGX exchange said in it note.

The API 8 is a weekly price assessment published at the end of the week.



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Thursday, 11 April 13
TNEB HAS OPENED 4.2 MILLION TONS IMPORTED COAL TENDER
COALspot.com - TANGEDCO, the state run utility TANGEDCO (formerly known as TNEB), Tamil Nadu state owned electricity company has opened bids to purc ...


Wednesday, 10 April 13
US COAL CONSUMPTION TO INCREASE FROM 889 MMST IN 2012 TO 948 MMST IN 2013 AND 957 MMST IN 2014 - EIA
Based on estimates for the first quarter of 2013, American coal production has continued to decline. Total production is down 9.9 million short t ...


Wednesday, 10 April 13
DRY BULK FREIGHT RATES SEEN MOSTLY STABLE IN THE COMING WEEKS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS WORLDWIDE
In its latest report, BIMCO forecast that for the coming six weeks, Capesize time charter average rates will remain subdued around $4,500-8,500 per ...


Monday, 08 April 13
SUB-BIT INDONESIA COAL SWAPS: UPWARD TREND
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q2’ 2013 delivery has gained 2.71 percent and CFR South China coal shipment&nbs ...


Sunday, 07 April 13
CHARTER RATES ARE UNDER PRESSURE DUE TO DECLINING DEMAND - VISTAAR
COALspot.com - The freight market continued to fall further with all the indices down. The BDI was down by 5.38 pct closing at 861 points and the ...


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