SGX M42F Thermal Coal - Daily Update 12 July 2019

25kt traded in Friday T Session

• Aug-19 traded 15kt @ $35.10

• Aug-19 traded 10kt @ $35.05

 

July month-to date:

Futures volume 51kt, open interest 71kt

 

Total volume since April 2018: 880kt

 

Physical

Heavy rains returned to Kalimantan, hampering production and slowing loadings at some ports and anchorages. This was not enough, however, to support low-rank prices which started to dip as the week wore on. For low-rank, deals in geared vessels were reported at $35.25/t FOB, basis 3,800 kc NAR, for July loading, $35.70 /t FOB and $36.00/t FOB, same basis, for cross laycan shipments, and $35.50/t FOB and $36.00/t FOB, same basis 3,800 kc NAR, for August loading. On a delivered basis, a deal was reported at $43.50/t CFR, basis 3,800 kc NAR, for a July arrival Panamax into Guangdong.

 

Paper

M42 paper, listed on SGX, traded this week for August at $35.40 for 5,000 t, $35.05 for 10,000 t and $35.10 for 15,000 t. Latest markets were reported bid at $35.50 for July, against an offer at $35.95. August was bid at $35.00 and offered at 35.30, with September bid at $34.80 and offered at $35.25. Further out, Q4-19 was bid at $34.40 and offered $34.85. (ends)