SGX M42F Thermal Coal - Daily Update 20 June 2019
Friday, June 21 2019 - 02:48 AM WIB
June month-to date:
Futures volume 35kt, open interest 75kt
Total volume since April 2018: 809kt
Physical
A major South Kalimantan supplier is understood to have lifted its force majeure on its 4,200 kc GAR material. This follows news that a similar constraint on its 3,800 kc GAR material was lifted yesterday. Offers, however, remain far more visible than bids for most grades. For low-rank, deals were heard at $36.30-36.50/t FOB, basis 3,800 kc NAR, for July loading geared vessels. Offers were reported for July loading cargoes at $36.50/t FOB, basis 3,800 kc NAR for a geared vessel, and $37.50/t FOB, same basis, for gearless vessels.
Paper
Paper markets were little changed in Asian trading hours. M42 paper, listed on SGX, traded for July at $36.25 today. Later in the day June was bid a $35.50 and offered at $36.40, while July was bid at 35.75 and offered at $36.40.