Coal news and updates

CFR South China Coal swap gained w-o-w

API 8 CFR South China Coal swap for 4Q’ 2015 delivery declined just US$ 0.45 (0.90 %) 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 18 September 2015, performance of CFR South China Coal swap 1Q & 2Q 2016 deliveries were declined month over month.

CFR South China Coal swap
CFR South China Coal swap average for 1Q’16 delivery declined US$ 0.75 per ton month over month on 18 September 2015 closed at US$ 48.90 a ton. The swap average for 2Q’ 2016 delivery also fell month over month, according to SGX AsiaClear OTC coal swap's reports released week ended 18 September 2015.

2Q’ 2016 delivery swap closed at US$ 48.90 a ton on 18 September 2015. This past week’s 2Q’ 16 delivery swaps lost US$ 0.75 per TON compared to the closing price of $ 48.90 per ton for the same period last month.

4Q’2015, 1Q and 2Q’2016 coal swaps declined month on month and gained week over week.

4Q' 2015 vs 2Q’ 2016
API 8 CFR South China coal swap average for 4Q’15 delivery closed at US$ 49.08 p ton on 18 September 2015 a US cents 0.18 higher than 2Q 2016 closing price of US$ 48.90 per ton.

1Q vs 2Q’ 2016
API 8 CFR South China Coal swap average for 1Q’16 delivery closed at US$ 48.90 the same price of 2Q’16 delivery price of US$ 48.90 per ton on 18 September 2015.

According to this past week's swaps trend, average for deliveries 4Q’15, 1Q & 2Q 2016 were declined month over month and gained week over week. 2016 coal swaps closed slightly lower than 4Q 2015 closing price of US$ 49.08 per ton.

source: http://coalspot.com