Coal news and updates

FOB Richards Bay Coal swaps gain w-o-w and m-o-m

API4 FOB Richards Bay Coal swap for delivery Q4' 2015 gained week over week and month over month.

The Q4 swap was up US$ 1.48 (2.99%) month on month to US$ 50.96 per ton according to AsiaClear OTC coal swap's reports released on 30 October 2015.

FOB Richards Bay Coal Swaps
API4 FOB Richards Bay coal for (average) Q1 2016 delivery swap also increased month over month and week over week.

According to this past week’s SGX data, the average Q1’16 swap up $ 1.09 (2.22%) per MT Month over month and US$ 0.23 per ton week over week during 26 - 30 October 2015.

FOB Richards Bay coal swap for Q1’ 2016 delivery closed at US$ 50.20 per ton on 30 October 2015, the data from SGX shows.

Q2' 2016 delivery swap up week over week and month on month.

The Q2’16 swap up an average of US$ 0.13 (0.27%) month over month to US$ 48.60 on 30 October 2015 compared to US$ 48.47 closed on 30 September 2015. FOB Richards Bay coal swap, as per SGX's data, Q4’15, Q1 & Q2 deliveries up month on month and week over week.

Q4’15 vs Q2’16
SGX Asia Clear OTC FOB Richards Bay coal Q2' 2016 delivery swap was closed US$ 2.36 (4.63%) per ton lower compared to average Q4' 2015 delivery price of US$ 50.96 per ton on 30 October 2015. While, the coal swap for Q1' 16 delivery, closed average US$ 1.60 (3.19%) per ton higher than Q2' 2016 delivery price.

The API4 FOB Richards Bay Coal swap for Q4' 2015 delivery has achieved a highest price of average US$ 50.96 / MT on 30 October 2015 and has entered its lowest level (US$ 49.80 / MT) on 26 October 2015.

source:  http://coalspot.com