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Monday, 11 August 14
SGX CFR SOUTH CHINA COAL SWAPS DIRECTION HEADING TO NORTH

COALspot.com: API 8 CFR South China Coal swap for delivery in September 2014 increased US$ 0.50 (+0.74%)  day on day and US$ 1.55 (+2.33%)  week on week. The month over month the swap gained slightly US$ 0.10 on Friday and closed at US$ 68.20 a ton. The CFR South China Coal swap for delivery January 2015 also gained on day, on week  and on month according to SGX AsiaClear OTC coal swap's reports released week ended 8 August  2014.

January 2015 delivery swap closed at US$ 70.65 a ton on 8 August 2014, a US$ 0.85 higher from a month and US$ 1.60 higher from a week ago closing of US$ 69.05 per mt. API 8 CFR South China coal shipment price for September 2015 delivery has also gained US$ 0.40, US$ 1.35 and US$ 0.70 on day, week and month respectively. Overall the market sentiment was favoring coal producers this past week.

January 2015 delivery swap closed at US$ 70.65 pmt on 8 August 2014, a $ 2.45 higher compared to September 2014 closing price of US$ 68.20 on 8 August 2014.

API 8 CFR South China Coal swap for average September 2015 delivery closed US$ 4.65 (+6.82%) higher compared to average September 2014 delivery price of US$ 68.20 on 8 August 2014. In the meantime, the average January 2015 coal swap was also closed 3.59 percent (US$ 2.45) higher than September 2014 swaps for the same period. According to this last week's swaps trend, January and September 2015coal swaps were higher compared to September 2014.

The price gaps between the September 2014 and September 2015 delivery is quite promising as the different is around US$ 4.65 per mt showing a positive trend.

API 8 CFR South China Coal swaps for deliveries January and September 2015 are moving north direction compared to September 2014 closing swap levels.

API 8 CFR South China Coal for September 2014 delivery swap was achieved a highest price (US$ 68.20) on 8 August 2014, and swap experienced a lowest closing (US$ 67.60) on 4 August 2014.

API 8 CFR South China Coal swaps for delivery September 2014 and January & September 2015 were gained day over day, week on week and month over month giving positive trend after longer period.

SGX API 4 FOB Richards Bay Thermal Coal swap also gained US$ 0.45 day on day and closed at US$ 73.50 on 8 August 2014.  SGX API 5 FOB Newcastle Thermal Coal swap gained US$ 0. 40 per MT day on day on 8 August 2014, closed at US$ 57.20 per Mt.

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



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