SGX M42F Thermal Coal - Daily Update 8 July 2019
Tuesday, July 9 2019 - 04:29 AM WIB
July month-to date:
Futures volume 21kt, open interest 41kt
Total volume since April 2018: 850kt
Physical
Indonesian prices were holding at around the same level as they closed last week. For low-rank, a bid was heard at $35.50/t FOB, basis 3,800 kc NAR, for an August loading geared vessel. An offer was also heard for a Panamax at $37.75/t FOB, basis 3,800 kc NAR, for loading in late August, early September. For lower c.v. material, an offer was heard at $30.00/t FOB, basis 3,350 kc NAR, for an August loading geared vessel.
Paper
Prompt paper prices were mixed today in Asian hours, with prompt Newcastle dipping and API4 and M42 relatively stable. M42 paper, listed on SGX, was bid at $35.10 for Q4-19 against an offer at $35.70.