SGX M42F Thermal Coal - Daily Update 9 July 2019

July month-to date:

Futures volume 21kt, open interest 41kt

 

Total volume since April 2018: 850kt

 

Physical

Heavy has rain returned to South Kalimantan over the past couple of days, impacting mining operations and loading across the region. For low-rank, there was talk of a geared cargo loading in August trading at $36.10/t FOB, basis 3,800 kc NAR, although this could not be confirmed at the time of writing. A July loading cargo was heard offered at $36.00/t FOB, basis 3,800 kc NAR, in a geared vessel. For August loading geared vessels, a market was reported bid at $35.35/t FOB, basis 3,800 kc NAR, and offered at $36.50/t FOB. A September loading geared vessels was bid at $35.15/t FOB, basis 3,800 kc NAR, and offered at $36.40/t FOB, basis 3,800 kc NAR. A July loading Panamax was also heard offered at $37.25/t FOB, basis 3,800 kc NAR.

 

Paper

M42 paper, listed on SGX, was bid at $35.80 and offered at $36.20 for July, while August was bid at $35.50 and offered at $35.90. September was bid at $35.10 and offered at $35.80, with October bid at $34.50 and offered at $35.70. M42 for Q3-19 was bid at $35.35 and offered at $35.90, while Q4-19 was bid at $35.00 and offered at $35.45. A spread for September vs October was also reported, bid at $0.05 and offered at $0.65. (ends)