SGX M42F Thermal Coal - Daily Update 29 May 2019
Thursday, May 30 2019 - 06:41 AM WIB
May month-to date:
Futures volume 50kt, open interest 90kt
Total volume since April 2018: 764kt
Physical
Sentiment surrounding Indonesian prices remains largely bearish ahead of next week's holiday. Participants said that offers continued to be easier to come by than bids. For low-rank, offers were reported at $38.30-38.50/t FOB, basis 3,800 kc NAR, for July loading Panamaxes. An offer for a June loading Panamax was reported at $38.25/t FOB, basis 3,800 kc NAR. An offer for a July loading Supramax was heard at $37.75/t FOB, basis 3,800 kc NAR.
Paper
Paper prices were relatively stable in Asian trading hours, although prompt Newcastle was experiencing some downwards pressure. M42 paper, as listed on SGX, was bid for June at $36.70/t and offered at $37.20/t, while July was bid at $36.25/t and offered at $37.25/t. Further out, Q3 2019 was bid at $36.25/t and offered at $37.50/t. A spread for June/July was bid at minus $0.40/t and offered at plus $0.25/t. (ends)
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