SGX M42F Thermal Coal - Daily Update 16 September 2020

5kt traded in Wednesday T session

    Oct-20 traded 5kt @ $24.30

September month-to date:

Futures volume at 177kt, Open interest at 499kt

Total volume since January 2020: 2,556kt

 

 

Physical

Offers continue to dominate for Indonesian material, with bids few and far between. For low-rank, an offer was reported at $22.75/t FOB, basis 4,200 kc GAR, for a September loading geared vessel. For October loading, bids were reported at $21.75-22.50/t FOB, basis 3,800 kc NAR, while offers were heard at $24.00-26.00/t FOB, same basis, in geared vessels. November loading shipments were offered at $27.00/t FOB, basis 3,800 kc NAR, for a geared vessel. A market for a December loading geared vessel was bid at $23.50/t FOB, basis 3,800 kc NAR, against an offer at $27.50/t FOB, same basis. On an index-linked basis, an offer for a geared vessel loading in October was reported at M42 plus $0.25/t, for 3,800 kc NAR material.

 

Paper

M42 traded on SGX at $24.30 for October, the same level as the same month traded on Monday. Earlier in the day, M42 was bid for September at $22.55 against an offer at $22.85, while October was bid at $24.00 and offered at $24.50. November was bid at $25.25 and offered at $25.75.

 

 

Source: IHS Markit