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Monday, 09 November 15
CFR SOUTH CHINA THERMAL COAL SWAP FOR Q3' 16 CONTRACT DECLINED US$ 4 PER TON
coal mine price downCOALspot.com: API 8 CFR South China Coal swap for Q1’ 2016 delivery declined US$ 4.35 (9.03 %) per ton 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 6 November 2015, performance of CFR South China Coal swap Q1’ 2016, Q2 & Q3 2016 deliveries were declined month over month and week over week.

CFR South China Coal swap
CFR South China Coal swap average for Q2’ 2016  delivery declined US$ 4.10 per ton month over month on 6 November2015 closed at US$ 44.00 a ton. The swap average for Q3’ 2016 delivery also decreased month over month, according to SGX AsiaClear OTC coal swap's reports released week ended 6 November2015.

Q3’ 2016 delivery swap closed at US$ 44.10 a ton on 6 November2015. This past week’s Q3’ 2016 delivery swaps lost US$ 4.07 per ton compared to the closing price of $ 41.65 per ton for the same period last month.

Q1’ 2016, Q2 and Q3’2016 coal swaps declined month on month and week over week.

Q1’ 2016 vs Q3’ 2016
API 8 CFR South China coal swap average for Q1’ 2016 delivery closed at US$ 43.80 per ton on 6 November2015 a US$ 0.30 lesser than Q3’ 2016 closing price of US$ 44.10 per ton.

Q2’ 2016 vs Q3’ 2016
API 8 CFR South China Coal swap average for Q2’16 delivery closed at US$ 44.0, US cents 10 lesser than Q3’16 delivery price of US$ 44.10 per ton on 6 November2015.

According to this past week's swaps trend, average for Q1, Q2 & Q3’ 2016 deliveries were declined month over month and week over week. Q3’ 2016 coal swaps closed slightly lower than Q1 & Q2’ 2016 closing prices.
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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