Indonesian Coal Swaps Down Fouth Consecutive Day

Bloomberg reported swap-contracts fell for the fourth consecutive day in favour of Indonesian lower-quality thermal coal, as contracts for shipments to China were also on the decline.

As quoted in the report:

The swap for sub-bituminous coal with a calorific value of 4,900 kilocalories a kilogram for loading from Indonesia in the fourth quarter fell 25 cents yesterday to $62.60 a metric ton on a net-as-received basis, the energy broker said in an e-mail today. The August contract was 10 cents higher at $60.50 on a net-as-received basis.

Click here to read the full Bloomberg report.