SGX M42F Thermal Coal - Daily Update 12 October 2020

10kt traded in Monday T session

• Nov-20 traded 2kt @ $29

• Nov-20 traded 3kt @ $28.90

• Nov-20 traded 5kt @ $28.80

 

October month-to date:

Futures volume at 97kt, Open interest at 480kt

 

Total volume since January 2020: 2,820kt

 

Physical

While sentiment had certainly firmed for Indonesian spot prices, actual market activity was limited, with a number of Chinese participants saying they were currently "observing". An October loading geared vessels was said to have transacted at $28.00/t FOB, basis 3,800 kc NAR, although this could not be confirmed at the time of writing. An offer for a November loading geared vessel was heard at $30.00/t FOB, basis 3,800 kc NAR, but no bids were reported. Bids were reported at $27.75/t FOB and $27.00/t FOB, basis 3,800 kc NAR, for November and December loading geared vessels, respectively .

 

Paper

M42 traded via SGX early in the day at $28.80-28.90 for November, up from Friday's $28.60 traded level. Later in the day, October was bid at $27.50 and offered at $28.20, while November was bid at $28.65 and offered at $29.15. A bid for December was also reported at $29.00. Later on, November traded again at $29.00.

Source: IHS Markit