SGX M42F Thermal Coal - Daily Update 5 February 2020

20kt traded in Tuesday T+1 Session

• Feb-20 traded 10kt @ $36.25

• Feb-20 traded 10kt @ $35.75

50kt traded in Wednesday T Session

• Feb-20 traded 10kt @ $36.50

• Mar-20 traded 40kt @ $36

 

February month-to date:

Futures volume at 130kt, Open interest at 245kt

 

Total volume since January 2020: 242kt

 

Physical

Interest for Indonesian remained firm, but mainly for prompt loading cargoes. For low-rank, a trade was reported done at $35.25/t FOB, basis 3,800 kc NAR, for a March loading geared vessel, although it falls out of the M42 index specifications. A bid was reported for a February loading geared vessels at $35.60/t FOB basis 3,800 kc NAR. For March, a bid was also reported at $34.75/t FOB, basis 3,800 kc NAR, for a geared vessel. An offer was also seen at $37.00/t FOB, basis 3,800 kc NAR, for a March loading geared vessel.

 

Paper

M42 paper, listed on SGX, traded at $36.50 for 10,000 t for February, which is up on yesterday's highest trade for February at $36.25. Later in the day March traded at $36.00 for 40,000 t. Earlier in the day, February was bid at $36.10 and offered at $36.90. Further out, March was bid at $35.15 and offered at $36.10, while April was bid at $34.55 and offered at $36.00.

 

Source: IHS McCloskey.