SGX M42F Thermal Coal - Daily Update 31 July 2019

25kt traded in Wednesday T Session

Aug-19 traded 10kt @ $33.70

Aug-19 traded 5kt @ $33.65

Sep-19 traded 5kt @ $33.75

Sep-19 traded 5kt @ $33.70

 

July month-to date:

Futures volume at a RECORD 221kt, open interest at a RECORD 131kt

 

Total volume since April 2018: 1050kt

 

Physical

Low-rank deals were reported for August loading at $34.00/t FOB, basis 3,800 kc NAR, for a Panamax and $33.00/t FOB, same basis, in a geared vessel. There was talk of a deal being done at around $32.50/t FOB, basis 3,800 kc NAR, for an August loading geared vessel, although this could not be confirmed and details on specifications were vague. For September loading, a bid was heard at around $33.50/t FOB, basis 4,200 kc GAR, with an offer at $33.80/t FOB, for a geared vessel.

 

Paper

M42 paper, listed on SGX, traded for August at $33.65-33.70 for 15,000 t, with September trading at $33.70-33.75 for 10,000 t. July increased its record month in terms of volume, to 216,000 t, pushing it well past the previous record of 85,000 t set in November 2018. After the deals, August was bid at $33.50 and offered at $33.65, with September bid at $$33.50 and offered at $33.75. Spreads were reported for August v September bid at minus $0.25 and offered at plus $0.10, with September v October bid at minus $0.10 and offered at plus $0.20. (ends)