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Wednesday, 15 January 14
CFR SOUTH CHINA COAL SWAPS FALL BY 6.57% MONTH ON MONTH


COALspot.com : API 8 CFR South China Coal swaps for average Q1’ 14 delivery lost 6.57 percept month on month and closed at US$ 78.90 per mt as on Friday 10 January 2014. The CFR South China Coal swap for delivery Q1, Q3 and Q4’14 lost on day, week and month according to SGX AsiaClear OTC coal swap's reports released week ended 10 January 2013.

SGX has launched SGX Thermal Coal Futures on 21 Oct 2013.

Q3 delivery swap closed at US$ 79.00 a ton on 10 January 2014, a US$ 1.05 lower from a week and US$ 0.10 lower from previous day closing. Q3 delivery swap also lost US$ 3.43 month on month. API 8 CFR South China coal shipment price for delivery Q4, lost US$ 3.23 on month, $ 0.10 on day and $ 1.45 on week. Q4’ 14 delivery swaps closed at US$ 79.65 pmt on 10 January 2014.

API 8 CFR South China Coal swap for average Q3’ 2014 delivery closed US$ 0.10 (0.13%) higher compared to average Q1’ 2014 delivery price of US$ 78.90 on 10 January 2014. In the meantime, the average Q4 2014 coal swap was also closed US$ 0.75 PMT (0.75%) higher than Q1’ 2014 swap for the same period. According to this week swaps movements, Q3 coal swap shows a slight improvement compared to Q1 prices. Q4 delivery price also shows a significant recovery compared to last week.

API 8 CFR South China Coal for Q1’ 2014 delivery swap was achieved a highest price (US$ 80.32) on 6 January 2014, and swap experienced a lowest level (US$ 78.25) on 7 January 2014.

API 8 CFR South China Coal swaps for deliveries Q1, Q3 & Q4 fell on day, week and month. The market is expected to improve post lunar year celebration.

The above article is subject to SGX’s and COALspot.com’s disclaimer clauses.



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