SGX M42F Thermal Coal - Daily Update 1 December 2020
Thursday, December 3 2020 - 01:54 AM WIB
25kt traded in the Tuesday T session
• Dec-20 traded 5kt @ $33.25
• Dec-20 traded 10kt @ $33
• Jan-21 traded 10kt @ $34
December month-to date:
Futures Volume 25kt, Open interest at 392kt
Total volume since January 2020: 3,704kt
Physical
Indonesian supplies continue to attract buying interest from Chinese and Indian buyers, although China remains more active than India currently. For low-rank, December loading cargoes were heard offered at $33.50/t FOB and $34.00/t FOB, basis 3,800 kc NAR, for geared and Panamax vessels, respectively. Bids were reported at $32.00-32.30/t FOB, basis 3,800 kc NAR, for a January loading geared vessel against offers at $33.75-34.00/t FOB, basis 3,800 kc NAR, for a January loading geared vessel.
Paper
Prompt paper prices were firming in Asian trading yesterday, with January API4, Newcastle and M42 all moving higher. M42 was heard bid for January at $33.15 and offered at $34.00, with February bid at $32.80 and offered at $34.30, while March was bid at $32.65 and offered at $34.75. Q1-21 was bid at $33.30 and offered at $34.15, while Q2-21 was bid at $33.00 and offered at $35.65.