SGX M42F Thermal Coal - Daily Update 23 September 2020
Thursday, September 24 2020 - 05:43 PM WIB
6kt traded in Wednesday T session
Q4-20 traded 6kt @ $27.40
September month-to date:
Futures volume at 264kt, Open interest at a record 573kt
Total volume since January 2020: 2,643kt
Physical
Trading activity was muted although some enquiries were heard for more 'off-spec' material. Low-rank was heard offered at $24.25-26.00/t FOB, basis 3,800 kc NAR, for geared vessels loading in October, and $26.25-26.50/t FOB, basis 3,800 kc NAR, for a Panamax loading in the same month. Bids were few, although one was reported at $25.00/t FOB, basis 3,800 kc NAR, for a geared vessel loading in November. An offer was also heard at $33.50/t FOB, basis 4,200 kc NAR, for an October loading geared vessel.
Paper
M42 traded via SGX for Q4 at $27.40, up nearly $2.00 from where it traded around a month ago at $25.70. Later in the day, October was bid at $25.00 and offered at $27.00, while November was bid at $27.00 and offered at $27.70.
Source: IHS Markit