SGX M42F Thermal Coal - Daily Update 4 July 2019

6kt traded in Thursday T Session

• Q4-19 traded 6kt @ $35.30

 

July month-to date:

Futures volume 21kt, open interest 41kt

 

Total volume since April 2018: 850kt

 

Physical

For low-rank, a deal was heard at $36.00/t FOB, basis 3,800 kc NAR, for a July loading geared vessel. A bid was also reported at $35.00/t FOB, basis 3,800 kc NAR, for an August loading geared vessel. Some higher offers were reported, at $38.00/t FOB, basis 3,800 NAR, for a Panamax, and $31.00/t FOB, basis 3,400 kc NAR, for a geared vessel, both loading in August. Buyers in China, however, said they were not currently entertaining such levels. An index-linked deal was also heard for a geared vessel loading in July done flat against an average of M42/ICI4 indices.

 

Paper

M42 paper, listed on SGX and ICE, traded again for Q4-19 at $35.30, the same level as it traded yesterday for the same period. Nearer term, July was bid at $35.60 and offered at $36.10, while August was bid at $35.50 and offered at $36.15. Q4-19 was later bid at $34.40 and offered at $35.45. (ends)