SGX M42F Thermal Coal - Daily Update 29 July 2019
Tuesday, July 30 2019 - 04:35 PM WIB
July month-to date:
Futures volume at a RECORD 196kt, open interest 116kt
Total volume since April 2018: 1025kt
Physical
Markets got off to a cautious start to the week, but some Indonesian suppliers are hopeful the current spike in power demand in China will bring fresh buying interest. Late on Friday deals were reported from different sources in China for Panamaxes being done at $34.00/t FOB, basis 3,800 kc NAR, for loading in, August, September and October. Bids were heard today at $33.00/t FOB, basis 3,800 kc NAR, for an August loading geared vessel, and $33.50/t FOB, same basis, for a September loading geared vessel.
Paper
M42 paper, listed on SGX, was bid today at $33.55 for August and offered at $34.05. A similar market was reported for September, with October bid at $33.35 and offered at $34.10. Further out, Q4-19 was bid at $33.25 and offered at $34.15, and Q1-20 was bid at $33.10 and offered at $36.10. A spread was reported for August v September bid at minus $0.10 and offered at plus $0.25, with September v October bid at minus $0.05 and offered at plus $0.20. (ends)