SGX M42F Thermal Coal - Daily Update 11 July 2019

July month-to date:

Futures volume 26kt, open interest 46kt

 

Total volume since April 2018: 855kt

 

Physical

Prices for some Indonesian grades have been softening in the second half of the week. Low-rank was heard bid at $35.50/t FOB, basis 3,800 kc NAR, for an August loading geared vessel, against offers at $36.20-36.25/t FOB, same basis. Deals for geared vessels were reported at $35.25/t FOB and $36.00/t FOB, basis 3,800 kc NAR, for July loading, and $33.50/t FOB, $35.70/t FOB and $36.00/t FOB, basis 6,000 kc NAR, for August loading geared vessels. A deal was also heard at $34.50/t FOB, basis 3,700 kc NAR, for August loading, with a bid also reported at $34.25/t FOB, basis 3,700 kc NAR, for the same month and vessel type.

 

Paper

M42 paper, listed on SGX, was bid at $35.10 and offered at 35.50 for August today, with September bid at $35.00 and offered at $35.40. Further out, Q4-19 was bid at $34.80 and offered $35.25. A spread for September vs October was also reported, bid at $0.05 and offered at $0.50. (ends)