SGX M42F Thermal Coal - Daily Update 29 March 2019
Monday, April 1 2019 - 04:59 AM WIB
March month-to date:
Futures volume 35kt, open interest 20kt
Total volume since April 2018: 634kt
Physical
Indonesian coal prices showed signs of stabilising in the second half of last week. In the low-rank market, a trade was settled on an index basis at M42/ICI4 plus $0.25/t, for an April loading geared vessel. Multiple deals for low c.v. coal were settled at $36.35-36.50/t and $37.25-37.75/t FOB, basis 3,800 kc NAR, for April loading geared and Panamax vessels, respectively. Last week, similar material for April traded at $37.00-38.10/t FOB, basis 3,800 kc NAR. Prompt loading material traded at $36.00/t FOB, basis 3,800 kc NAR, also for an April loading geared vessel.
Paper
Values eased for M42, as listed on SGX, further out into the year with contracts in the second half of the year averaging lower. The Q3 contract was valued at around $37.30/t, down from $38.30/t last week, while Q4 averaged $37.45/t, slipping from $38.40/t. (ends)