SGX M42F Thermal Coal - Daily Update 15 September 2020

September month-to date:

Futures volume at 172kt, Open interest at 494kt

Total volume since January 2020: 2,551kt

 

Physical

For low-rank, a bid was reported at $23.50/t FOB, basis 3,800 kc NAR, against an offer at $26.25/t FOB, same basis, for a geared vessel loading December. For sub-bituminous material, an offer was heard at $35.00/t FOB, basis 4,400 kc NAR, for a Panamax loading in October and similar shipments loading in November and December were offered at $36.50/t FOB, same basis.

 

Paper

M42, listed on SGX, was bid for September at $22.55 against an offer at $22.80, while October was bid at $23.90 and offered at $24.55. November was bid at $25.00 and offered at $25.75. Further out, Q1-21 was bid at $26.76 and offered at $29.10, with Cal-21 bid at $27.00 and offered at $32.05.

 

 

Source: IHS Markit