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Monday, 11 May 15
CFR SOUTH CHINA COAL SWAP: DECLINED MOM AND WOW
Coal & ExcavatorCOALspot.com: API 8 CFR South China Coal swap for Q3’ 2015 delivery declined US$ 0.46 (-0.90%) per MT month over month and US$ 0.28  (0.55%) per MT week on week.

A commodity swap is a financial agreement whereby a floating price is exchanged for a fixed rate over a certain period of time.

According to DSP of SGX AsiaClear thermal coal derivatives, as reported on Friday 8 May 2015, performance of CFR South China Coal swap Q3, Q4 2015 and Q1 2016 delivery swaps were lost month over month and w-o-w.

CFR South China Coal swap
CFR South China Coal swap average for Q4' 15 delivery has declined US$ 0.58 per Mt month over month on 8 May 2015 and closed at US$ 50.70 a ton. The swap average for Q1’ 2016 delivery also fell month over month and week over week, according to SGX AsiaClear OTC coal swap's reports released week ended 8 May 2015.

Q1’ 2016 delivery swap closed at US$ 51.30 a ton on 8 May 2015 US cents 10 lesser compared to previous week closing and a US$ 0.10 (0.19%) per MT lower from 8 April 2015 closing price of $ 51.40 per MT.

Q3' 2015 vs Q1’ 2016
API 8 CFR South China coal swap average for Q3’15 delivery closed at US$ 50.52 pmt on 8 May 2015 a $ 0.78 lower than Q1 2016 closing price of US$ 51.30 per mt.

Q4' 2015 vs Q1’ 2016
API 8 CFR South China Coal swap average for Q4’ 2015 delivery closed US$ 0.60 (1.18%) per MT lower compared to average Q1’ 2016 delivery price of US$ 51.30 per MT on 8 May 2015.

According to this past week's swaps trend, average for deliveries Q3, Q4 & Q1 2016 were declined month over month and week over week. Q4 2015 as well as Q1 2016 coal swaps closed higher than Q3 2015 closing price of US$ 50.52 per MT.
Data Source: SGX

The above report is subject to SGX’s and COALspot.com’s disclaimer clauses. The DSP above are reported on a best-effort basis SGX’s daily report and are not guaranteed to be accurate or error free. Readers are advised to refer to the official DSP available through the clearing members.


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