Coal news and updates

CFR South China Coal swaps rose 1.1% week over week

API 8 CFR South China Coal swap for 4Q’ 2015 delivery declined just US$ 1.52 (3 %) 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 4 September 2015, performance of CFR South China Coal swap 1Q & 2Q 2016 deliveries were declined month over month and rose week on week.

CFR South China Coal swap
CFR South China Coal swap average for 1Q’16 delivery declined US$ 1.60 per Mt month over month on 5 September 2015 closed at US$ 49.15 a ton. The swap average for 2Q’ 2016 delivery also fell month over month but rose week over week, according to SGX AsiaClear OTC coal swap's reports released week ended 4 September 2015.

2Q’ 2016 delivery swap closed at US$ 49.15 a ton on 4 September 2015. This past week’s 2Q’ 16 delivery swaps lost US$ 1.60 per MT compared to the closing price of $ 50.75 per MT for the same period last month.

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

4Q' 2015 vs 2Q’ 2016
API 8 CFR South China coal swap average for 4Q’15 delivery closed at US$ 49.10 pmt on 4 September 2015 a US cents 0.05 lower than 2Q 2016 closing price of US$ 49.15 per mt.

1Q vs 2Q’ 2016
API 8 CFR South China Coal swap average for 1Q’16 delivery closed at US$ 49.15 the same price of 2Q’16 delivery price of US$ 49.15 per MT on 4 September 2015.

According to this past week's swaps trend, average for deliveries 4Q’15, 1Q & 2Q 2016 were declined month over month and rose week over week. 2016 coal swaps closed slightly higher than 4Q 2015 closing price of US$ 49.10 per MT.

source: http://coalspot.com