Coal news and updates

FOB Richards Bay Coal swaps plunge more than 6% m-o-m

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

The Q4 swap was down US$ 3.88 (7.24%) month on month to US$ 49.68 per Mt according to AsiaClear OTC coal swap's reports released on 2 October 2015.

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

According to this past week’s SGX data, the average Q1’16 swap declined $ 3.33 (6.32%) per MT Month over month and US$ 1.10 per MT week over week during 28 September – 2 October 2015.

FOB Richards Bay coal swap Q1’ 2016 delivery closed at US$ 49.40 per MT on 2 October 2015, the data from SGX shows.

Q2' 2016 delivery swap was also followed trend of Q4’15 and Q1’16.

The Q2’16 swap declines an average of US$ 3.63 (6.94%) month over month to US$ 48.70 on 2 October 2015 compared to US$ 52.33 closed on 2 September 2015. FOB Richards Bay coal swap, as per SGX's data, Q4’15, Q1 and Q2’16 deliveries declined week over week and month on month.

Q4’15 vs Q2’16
SGX Asia Clear OTC FOB Richards Bay coal Q2' 2016 delivery swap was closed US$ 0.98 (1.97%) per MT lower compared to average Q4' 2015 delivery price of US$ 49.68 per MT on 2 October 2015. While, the coal swap for Q1' 16 delivery, closed average US cents 70 (1.42%) per MT higher than Q2' 2016 delivery price for the same reported period.

The API4 FOB Richards Bay Coal swap for Q4' 2015 delivery has achieved a highest price of average US$ 50.31 / MT on 28 September 2015 and has entered its lowest level (US$ 49.48 / MT) on 30 September 2015.

source: http://coalspot.com