SGX M42F Thermal Coal - Daily Update 15 July 2019
Tuesday, July 16 2019 - 05:33 PM WIB
15kt traded in Monday T Session
• Jul-19 traded 10kt @ $35.60
• Aug-19 traded 5kt @ $35
July month-to date:
Futures volume 66kt, open interest 76kt
Total volume since April 2018: 895kt
Physical
Low-rank shipments loading in August were heard offered at $36.00/t FOB, basis 3,800 kc NAR, and $34.50/t FOB, basis 3,700 kc NAR, in geared and gearless vessels, respectively. Even lower c.v. material was heard bid at $29.00/t FOB, basis 3,400 kc NAR, and offered at $29.20/t FOB, same basis, for a geared vessel loading in August.
Paper
M42 paper, listed on SGX, traded at $35.60 for 10,000 t for July and $35.00 for 5,000 t in August. July was bid at $35.30 and offered at $35.60, while August was bid at $34.35 and offered at $35.00. Further out, Q4-19 was bid at $34.25 and offered $34.85. A spread for September vs October was also reported, bid at $0.05 and offered at $0.40. (ends)