SGX M42F Thermal Coal - Daily Update 17 June 2019
Tuesday, June 18 2019 - 04:27 AM WIB
June month-to date:
Futures volume 30kt, open interest 70kt
Total volume since April 2018: 804kt
Physical
Several Indonesian traders said that the constrained supply in Kalimantan due to extreme weather in parts of the region have not done much to boost prices. A bid was also reported at $37.00/t FOB, basis 3,800 kc NAR, for a July lading Panamax, which was at the top end of where similar deals were reported last week. Currently, Panamaxes appear to be favoured over Supramaxes for spot deals.
Paper
Paper prices were largely unchanged in Asia hours. M42 paper, as listed on SGX, was bids were reported at $35.75-36.00/t although offers were back at $38.00, with participants still unclear as to what the current flooding in Kalimantan was will have on prices. (ends)