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Monday, 14 April 14
API 8 CFR SOUTH CHINA COAL SWAPS GAIN FOR THE MONTH & WEEK


COALspot.com: API 8 CFR South China Coal swaps for average Q2 14 deliveries gained 4.61 percent month on month and closed at US$ 76.18 per mt as on Friday 11 April 2014. The CFR South China Coal swap for delivery Q4 2014 gained week on week and month on month  according to SGX AsiaClear OTC coal swap's reports released week ended 11 April 2014.

SGX has launched API 8 CFR South China thermal coal futures on 21 Oct 2013.

Q4 delivery swap closed at US$ 77.10 a ton on 11 April 2014, a US$ 2.30 higher from a month and US$ 0.68 higher from a week ago closing of US$ 76.42. API 8 CFR South China coal shipment price for Q1'15 delivery has gained US$ 1.97 month on month.

Q1’15 delivery swap closed at US$ 77.82 pmt on 11 April 2014, a $ 1.64 higher compared to Q2’ 2014 closing.

API 8 CFR South China Coal swap for average Q4’ 2014 deliveries closed US$ 0.92 (1.21%) higher compared to average Q2’ 2014 delivery price of US$ 76.18 on 11 April 2014. In the meantime, the average Q1 2015 coal swap was also closed  2.15 percent (US$ 1.64) higher than Q2’ 2014 swaps for the same period. According to this last week's swaps trend, Q4 2014 and Q1 2015 coal swaps are higher compared to Q2 prices. Market is showing a positive move compare to Q2 prices versus end of this year or early next year prices.

API 8 CFR South China Coal for Q2’ 2014 delivery swap was achieved a highest price (US$ 76.28) on 8 April 2014, and swap experienced a lowest closing (US$ 75.18) on 7 April 2014.

API 8 CFR South China Coal swaps for deliveries Q2, Q4 and Q1 next year gained month on month and week on week.

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



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