SGX M42F Thermal Coal - Daily Update 5 April 2019
Monday, April 8 2019 - 03:12 AM WIB
April month-to date:
Futures volume 10kt, open interest 30kt
Total volume since April 2018: 644kt
Physical
Indonesian prices found support from Chinese power generator tender awards last week. In the low-rank market, a deal went through on an index-linked basis at M42/ICI4 plus $0.25/t, for a May loading geared vessel. Cross laycan cargoes were heard trading at $37.00-37.50/t FOB, basis 4,200 kc GAR, in geared vessels. A trade was heard concluded at $38.00/t FOB, basis 3,800 kc GAR, for a gearless vessel in May.
Paper
M42, as listed on SGX, saw markets for May bid at $37.20/t, against offers at $38.10/t. Further out, markets for the Q3 contract averaged $37.65/t, up from $37.30/t last week. Values for the Q4 contract averaged $37.90/t, up from $37.45/t. (ends)