SGX M42F Thermal Coal - Daily Update 23 August 2019

August month-to date:

Futures volume at 107kt, open interest at 162kt

 

Total volume since April 2018: 1.16 million metric tonnes

 

Physical

Indonesian prices firmed slightly in the latter part of the week as pockets of demand grew, however, the market remains generally oversupplied. In the low c.v. market, a trade was settled on an index-linked basis at M42/ICI4 + $0.00/t, basis 4,200 kc GAR, for a September loading geared vessel. A similar cargo was also offered on an index-linked basis at M42/ICI4 + $0.25/t, basis 4,200 kc GAR, also for a September loading geared vessel. Trades for September loading material were seen in the range of $30.75-31.50/t FOB, basis 3,800 kc NAR, for geared vessels. A week back, geared vessels traded at $30.75-31.25/t FOB, basis 3,800 kc NAR.

 

Paper

Deals for M42, as traded on SGX, were down on previous traded levels. September M42 transacted via SGX several times at $31.20/t, down from $33.00/t where it last traded. The Q4 contract was valued at $30.85/t, slipping from $31.35/t last week. (ends)