SGX M42F Thermal Coal - Daily Update 2 September 2020

5kt traded in Wednesday T session:

    Oct-20 traded 5kt @ $24.30

September month-to date:

Futures volume at 20kt, Open interest at 391kt

Total volume since January 2020: 2,399kt

 

 

Physical

Trading activity was muted due to a lack of firm bidding interest. A Jakarta-based producer said a bid was heard at $22.75/t FOB, basis 4,200 kc GAR, for a September loading geared vessel, but did not attract any offers. Even lower rank material was offered at $20.00/t FOB, basis 3,400 kc GAR, for a geared vessel loading in September. An international trader reported receiving bid levels in the range of $21.50-22.50/t FOB, basis 3,800 kc NAR, for geared vessels loading in October.

 

Paper

M42 traded via SGX for October at $24.30 today, the same level as the month last transacted yesterday. Later on Wednesday, October was bid at $24.00 and offered at $24.60, while November was bid at $25.00 and offered at $25.60. Q4-20 was bid at $24.60 and offered at $25.75. A spread for September vs October was bid at M42 minus $1.00 and offered at minus $0.45, while October vs November was bid at minus $1.20 and offered at minus $0.70.

 

 

Source: IHS Markit