SGX M42F Thermal Coal - Daily Update 18 June 2019
Wednesday, June 19 2019 - 03:52 AM WIB
June month-to date:
Futures volume 30kt, open interest 70kt
Total volume since April 2018: 804kt
Physical
Market activity was limited in Asian thermal markets today as participants awaited clearer direction and were seemingly unwilling to commit to significant transactions ahead of a major industry event in Bali next week. The Indonesian market remained focused on evaluating the damage and potential backlog of cargoes caused by the unseasonably heavy rain and flooding in Kalimantan. Bids and offers were limited with market participants seemingly not wanting to show their hands until the market has shown clearer direction. For low-rank, offers were reported at $37.00/t FOB, basis 3,800 kc NAR, for a July loading geared and $38.00/t FOB, same basis 3,800 kc NAR, for a Panamax. A bid was heard at $34.65/t FOB, basis 3,700 kc NAR, for a July loading Supramax.
Paper
M42 paper, as listed on SGX, was bid at $36.05 for June against an offer at $36.25, while July was bid at $34.95 and offered at $36.05. August was bid at $35.00 and offered at $36.45, while September was bid at $34.55 and offered at $36.65. Further out Q4 2019 was offered at $36.00.