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Thursday, 31 December 15
COAL PRICES FELL ON WEAK DEMAND
coal mine price downCOALspot.com: Q1’ 2016 API4 FOB Richards Bay Coal swap decline month over month and slightly up week over week.

The Q1’ 2016 FOB Richards Bay Coal swap was declined US$ 2.52, or 5.01 percent over a month, and now stands at US$ 47.76 per ton. According to AsiaClear OTC coal swap's report released on 24 December 2015, Q1’ 2016 swap was rose 0.70 percent compared to 18 December closing price.

FOB Richards Bay Coal Swaps
API4 FOB Richards Bay coal for (average) Q2’ 2016 delivery swap slipped month over month and marginally firm week over week, this past week.

According to SGX data released between 21 - 24 December, the average Q2’ 2016 swap down $ 2.38 (4.98%) per MT Month over month, while gained US$ 0.37 per ton week on week.

FOB Richards Bay coal swap for Q2’ 2016  delivery closed at US$ 45.37 per ton on 24 December 2015, the data from SGX shows.

Q3’ 2016 delivery swap shed US$2.30 per ton to US$ 43.50 month over month.

For the week ended December 24, 2015, FOB Richards Bay coal swap for Q3’ 2016 delivery reached at $43.50 per ton, up from $43.25 per ton at the end of the previous week.

FOB Richards Bay Coal Swaps for first three quarters of 2016 remained weak.

Q1’ 2016  vs Q3’ 2016
SGX Asia Clear OTC FOB Richards Bay coal Q3’ 2016 delivery swap was closed US$ 4.26 (8.92%) per ton lower compared to average Q1’ 2016 delivery price of US$ 47.76 per ton on 24 December 2015. While, the coal swap for Q2’ 2016 delivery, closed average US$ 1.87 (4.12%) per ton higher than Q3’ 2016 delivery price.

The API4 FOB Richards Bay Coal swap for Q1’ 2016 delivery has achieved a highest price of average US$ 47.76 / MT on 24 December 2015 and has entered its lowest level (US$ 47.15 / MT) on 21 December 2015.
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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