SGX M42F Thermal Coal - Daily Update 16 July 2019
Wednesday, July 17 2019 - 07:25 PM WIB
5kt traded in Tuesday T Session
• Aug-19 traded 5kt @ $34.40
July month-to date:
Futures volume 71kt, open interest 81kt
Total volume since April 2018: 900kt
Physical
Limited trading activity was reported across the Asian thermal markets, with more uncertainly arising in China, as northern port Caofeidian limits import arrivals. While not a major thermal import destination, it acts as a reminder that imports are coming under increased pressure in China. For Indonesian low rank, an offer was reported at $35.50/t FOB, basis 3,800 kc NAR, for an August loading geared vessel, with September loading offered at $35.40/t FOB, same basis.
Paper
M42 paper, listed on SGX, traded at $34.40 for August today, down on yesterday's transaction at $35.00. Markets were reported bid for July at $35.45 and offered at $35.90, while August was bid at $34.20 and offered at $34.40. September was bid at $34.20 and offered at $34.85. Further out, Q3-19 was bid at $34.71 and offered at $34.25. A bid for Q4-19 was reported at $33.85. The spread for August vs October and September vs October were both bid at $0.05 and offered at $0.40. (ends)