SGX M42F Thermal Coal - Daily Update 5 November 2020

7kt traded in the Thursday T session

    Nov-20 traded 2kt @ $28.55

    Dec-20 traded 5kt @ $29.60

November month-to date:

Futures Volume 96kt, Open interest at 420kt

Total volume since January 2020: 3,526kt

 

Physical

Little was new was reported for Indonesian material as buyers continue to stay away from the market. A deal was reported, however, for a late November loading geared vessel at $28.00/t FOB, basis 3,800 kc NAR. Offers for December loading geared vessels were said to still be holding up at around $30.00-31.00/t FOB, basis 3,800 kc NAR, however, buyers were unwilling to match these levels and few bids were reported.

 

Paper

M42 paper traded at $28.55 for November, up from $28.50 earlier in the week, and December traded at $29.60, up on the previous day's last deal done at $29.50. Over the day, November was bid at $28.50 and offered at $28.90, while December was bid at $29.40 and offered at $29.80. Further out, February was offered at $31.50 and March offered at $32.00.

 

 

Source: IHS Markit