Coal news and updates

Q1 & Q2 2016 delivery swaps declined m-o-m and w-o-w past week

API 5 FOB Newcastle Coal swap for Q4’ 2015 delivery decreased $0.36 per ton (0.85%) month over month to US$ 42.12 per ton. The swap was closed at US$ 42.12 on 2 October 2015 compared to a week ago closing price of US$ 42.93 per ton.

API 5 FOB Newcastle Coal Swap
FOB Newcastle Coal swap average for Q1’16 delivery also declined by US$1.05 per ton month over month on 2 October and closed at US$ 41.70 a ton. The swap for average Q1’16 delivery weak on month and week over week, according to SGX AsiaClear OTC coal swap's reports released for the period 28 September – 2 October 2015.

Average Q2’ 2016 delivery swap closed at US$ 41.70 a ton on 2 October 2015, US$ 1.05 (2.14%) lower compared to a month ago closing price of US$ 42.40 per mt.

Q4' 2015 Vs Q2’ 2016
API 5 FOB Newcastle coal swap for average Q4’ 2015 delivery closed at US$ 42.12 pmt on 2 October 2015, US$ 0.42 higher than Q2’ 2016 closing price of US$ 41.70 per mt.

Q1 Vs Q2’ 2016
API 5 FOB Newcastle coal swap for average Q1’16 delivery closed at US$ 41.70 pmt on 2 October  2015, same as Q2’ 2016 closing price of US$ 41.70 per mt on 2 October.

According to the available data, Q1 as well as Q2’16 delivery swaps were lower compared to Q4’15 delivery swap for this past week.

Q1 & Q2 2016 delivery swaps declined month over month and week on week this past week.

source: http://coalspot.com