SGX M42F Thermal Coal - Daily Update 10 September 2020

50kt traded in Thursday T session:

    Oct-20 traded 25kt @ $24.05 (Oct-20/Nov-20 spread @ $1.40)

    Nov-20 traded 25kt @ $25.45 (Oct-20/Nov-20 spread @ $1.40)

September month-to date:

Futures volume at 162kt, Open interest at 484kt

Total volume since January 2020: 2,541kt

 

Physical

Transactions were still limited in Indonesia, but low-rank material was reported by a miner in East Kalimantan to have traded at $24.00/t FOB, basis 3,800 kc NAR, for a Panamax loading at the end of September, though it is yet to be validated by the buyer. Offers were still heard holding above $22.50 FOB, basis 3,800 kc NAR, for geared vessels loading after mid-September, while indicative bid levels were understood to be below $21.50/t FOB, same basis.

 

Paper

M42 traded via SGX at $24.05 for October and $25.45 for November for 25,000 t each. Earlier in the day, September was bid at $22.50 and offered at $23.55, while October was bid at $23.70 and offered at $24.05, and November was bid at $25.00 and offered at $25.55.

 

Source: IHS Markit