SGX M42F Thermal Coal - Daily Update 9 May 2019
Friday, May 10 2019 - 02:44 AM WIB
May month-to date:
Futures volume 0kt, open interest 65kt
Total volume since April 2018: 714kt
Physical
Indian interest was evident, albeit at relatively low levels. A deal was reported at $39.50/t FOB, basis 4,200 kc GAR, for a late May, early June, loading geared vessel. For lower c.v. material, a bid was reported from India at $31.15/t FOB, basis 4,200 kc GAR, for a May loading geared vessel.
Paper
M42 paper, as listed on SGX, was bid today at $38.35/t for May and offered at $39.85/t. A market for June was bid at $39.10/t against an offer at $40.25/t while July was bid at $38.55/t against an offer at $40.25/t. August was bid at $38.00/t against an offer at $40.15/t. Further out, Q3 2019 was bid at $38.00/t and offered at $40.15/t, while Q4 2019 was bid at $36.35/t against a bid at $40.50/t. M42 spreads for May/June were bid at minus $0.90/t and offered at plus $0.75/t. June/July and July/August spreads were both bid at minus $0.10/t and offered at plus $0.55/t, while Q3/Q4 was bid at minus $0.30/t and offered at plus $1.65/t. (ends)