SGX M42F Thermal Coal - Daily Update 14 September 2020

5kt traded in Monday T session:

    Oct-20 traded 5kt @ $24.30

September month-to date:

Futures volume at 172kt, Open interest at 494kt

Total volume since January 2020: 2,551kt

 

 

Physical

Low-rank material was bid at $21.75/t FOB, basis 4,200 kc GAR, for an October loading geared vessel, but with no offers. An East Kalimantan miner said, "We are hearing of bidding interest at $22.00-23.00/t FOB, basis 4,200 kc GAR, but we are not able to proceed further."

 

Paper

M42, traded via SGX at $24.30 for October, up on Friday's traded level of $24.25. Earlier on Monday, September was bid at $22.45 and offered at $23.30, while October was bid at $23.90 and offered at $24.45, and November was bid at $25.00 and offered at $25.75. A spread for October vs November was reported bid at M42 minus $1.55 against an offer at minus $1.00.

 

 

Source: IHS Markit