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Monday, 06 July 15
CFR SOUTH CHINA COAL SWAP; DECLINED D-O-D,W-O-W AND M-O-M
Coal ExcavatorCOALspot.com: API 8 CFR South China Coal swap for Q3’ 2015 delivery declined US$ 0.53 (1.01%) per MT month over month.

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 3 July 2015, performance of CFR South China Coal swap Q4 2015 and Q1 2016 deliveries were declined month over month and week over week.

CFR South China Coal swap
CFR South China Coal swap average for Q4' 15 delivery declined US$ 0.69 per Mt month over month on 3 July 2015 and closed at US$ 52.03 a ton. The swap average for Q1’ 2016 delivery also fell month over month, according to SGX AsiaClear OTC coal swap's reports released week ended 3 July 2015.

Q1’ 2016 delivery swap closed at US$ 52.15 a ton on 3 July 2015 US$ 0.40 lower compared to previous week closing and a US$ 0.75 (1.42%) per MT lower from 3 June 2015 closing price of $ 52.90 per MT.

Q3' 2015 vs Q1’ 2016
API 8 CFR South China coal swap average for Q3’15 delivery closed at US$ 51.85 pmt on 3 July 2015 a $ 0.30 lower than Q1 2016 closing price of US$ 52.15 per mt.

Q4' 2015 vs Q1’ 2016
API 8 CFR South China Coal swap average for Q4’ 2015 delivery closed US$ 0.12 (0.23%) per MT lower compared to average Q1’ 2016 delivery price of US$ 52.15 per MT on 3 July 2015.

According to this past week's swaps trend, average for deliveries Q4 & Q1 2016 were declined month over month and week over week. Q4 2015 as well as Q1 2016 coal swaps closed slightly higher than Q3 2015 closing price of US$ 51.85 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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