Coal news and updates

FOB Newcastle Coal swap slightly up month over month

API 5 FOB Newcastle Coal swap for Q3’ 2015 delivery up $ 0.49 per MT (1.08%) month over month to US$ 45.77 per mt. The swap was closed at US$ 45.77 on 26 June 2015 compared to a week ago closing price of US$ 45.87 per MT.

API 5 FOB Newcastle Coal Swap
FOB Newcastle Coal swap average for Q4' 15 delivery also advanced by US$ 0.55 per Mt month over month on 26 June and closed at US$ 45.35 a ton. The swap for average Q4’ 2015 delivery also follows Q3 trend and rose month on month and week over week, according to SGX AsiaClear OTC coal swap's reports released for the period 22 - 26 June 2015.

Average Q1’ 2016 delivery swap closed at US$ 45.35 a ton on 26 June 2015, US$ 0.60 (1.34%) higher compared to a month ago closing price of US$ 44.75 per mt.

Q3' 2015 Vs Q1’ 2016
API 5 FOB Newcastle coal swap for average Q3’ 2015 delivery closed at US$ 45.77 pmt on 26 June 2015, US$ 0.42 higher than Q1’ 2016 closing price of US$ 45.35 per mt.
According to the available data, Q4 as well as Q1’ 2016 delivery prices were slightly lower or flat compared to Q3 delivery swap for this past week.

Q3 & Q4 2015 and Q1 2016 delivery swaps advanced month over month and lost week over week this past week.

source: http://www.coalspot.com