SGX M42F Thermal Coal - Daily Update 16 May 2019
Friday, May 17 2019 - 04:38 AM WIB
May month-to date:
Futures volume 10kt, open interest 75kt
Total volume since April 2018: 724kt
Physical
Indonesian market participants confirmed that buying interest had slowed down in the past few days, as customers in China evaluated the impact of their exchange rate weakening in response to the escalating trade war between the USA and China. Deals were reported for geared vessels at $37.50/t FOB, basis 3,700 kc NAR, for May loading and $42.00/t FOB, basis 4,400 kc GAR, for a June loading. Value for 3,800 NAR was being quoted at below $39.00/t FOB, basis 3,800 kc NAR, for prompt loading geared vessels.
Paper
M42 paper, as listed on SGX and ICE, was bid at $38.80/t for May and offered at $39.55/t. June was bid at $38.40/t and offered at $39.00/t, with July bid at $38.85/t and offered at $39.05/t, while August was bid at $37.85/t and offered at $39.40/t. Further out, Q3 was bid at $37.55/t and offered at $39.00/t, with Q4 bid at $35.95/t and offered at $39.00/t. (ends)