SGX M42F Thermal Coal - Daily Update 21 March 2019

March month-to date:

Futures volume 35kt, open interest 60kt

 

Total volume since April 2018: 634kt

 

Physical

Deals for Indonesian low-rank have been reported so far this week at $38.10/t FOB, $38.00/t FOB and $37.80/t FOB, basis 3,800 kc NAR, for geared vessels loading in April. Following the trades, Indonesian low-rank was offered at $38.00-39.00/t FOB, basis 3,800 kc NAR, for April loading geared vessels, against bidding interest at $36.00-37.50/t FOB, same basis.

 

Paper

M42 paper, as listed on SGX, was offered for March at $39.00/t. April was bid at $36.25/t and offered at $38.25/t. (ends)