Coal news and updates

API 5 FOB Newcastle Coal swap gains w-o-w

API 5 FOB Newcastle Coal swap for 4Q’ 2015 delivery down $ 1.85 per MT (-4.23%) month over month to US$ 41.87 per mt. The swap was closed at US$ 41.87 on 28 August 2015 compared to a week ago closing price of US$ 41.70 per MT.

API 5 FOB Newcastle Coal Swap
FOB Newcastle Coal swap average for 1Q’16 delivery also declined by US$ 1.60 per Mt month over month on 28 August and closed at US$ 42.05 a ton. The swap for average 1Q’16 delivery also follows 4Q’15 trend, weak month on month but gained week over week, according to SGX AsiaClear OTC coal swap's reports released for the period 24 - 28 August 2015.

Average 2Q’ 2016 delivery swap closed at US$ 42.05 a ton on 28 August 2015, US$ 1.60 (3.67%) lower compared to a month ago closing price of US$ 43.65 per mt.

4Q' 2015 Vs 2Q’ 2016
API 5 FOB Newcastle coal swap for average 4Q’ 2015 delivery closed at US$ 41.87 pmt on 28 August 2015, US$ 0.18 lower than 2Q’ 2016 closing price of US$ 42.05 per mt.

1Q Vs 2Q’ 2016
API 5 FOB Newcastle coal swap for average 1Q’16 delivery closed at US$ 42.05 pmt on 28 August 2015, same as 2Q’ 2016 closing price of US$ 42.05 per mt.

According to the available data, 1Q as well as 2Q’ 2016 delivery swaps were slightly higher compared to 4Q delivery swap for this past week.

4Q, 1Q & 2Q 2016 delivery swaps declined month over month and increased week on week this past week.

source: http://coalspot.com