SGX M42F Thermal Coal - Daily Update 11 April 2019
Friday, April 12 2019 - 06:17 AM WIB
April month-to date:
Futures volume 10kt, open interest 30kt
Total volume since April 2018: 644kt
Physical
An unconfirmed low-rank Indonesian was heard at $38.25/t FOB, basis 3,800 kc NAR, for an April loading geared vessel. Bids were reported at $37.00-37.50/t FOB, basis 3,800 kc NAR, for geared vessels loading in May, with an offer from earlier in the week reported at $38.50/t FOB, same basis. A Panamax was bid at $38.50/t FOB, basis 3,800 kc NAR, for May loading.
Paper
M42 paper, as listed on SGX, saw values firm today, with a bid reported at $37.75/t for April and offered at $38.40/t. May was bid at $37.50/t against an offer at $38.60/t, while June was bid at $37.50/t and offered at $38.60/t. Further out, M42 for Q3 2019 was bid at $36.05/t and offered at $38.25/t. (ends)