SGX M42F Thermal Coal - Daily Update 1 June 2020
Tuesday, June 2 2020 - 07:32 PM WIB
31kt traded in Monday T Session
• Jun-20 traded 15kt @ $27.75
• Jun-20 traded 10kt @ $27.50
• Q3-20 traded 6kt @ $28.00
June month-to date:
Futures volume at 31kt, Open interest at 288kt
Total volume since January 2020: 1,279kt
Physical
The market was quiet for Indonesian material amid a national holiday. An offer was reported for a June loading geared vessel at $28.50/t FOB, basis 3,800 kc NAR. Bids were heard from China at around $27.00-27.25 FOB, basis 3,800 kc NAR, for late June, early July loading geared vessels. For July loading geared vessels, offers were reported at $29.00-30.25/t FOB, basis 3,800 kc NAR, with a bid reported at $27.50/t FOB, same basis.
Paper
M42 traded via SGX at $27.50 for June for 10,000 t, down from $27.75 on Friday. Q3-20 also traded at $28.00 for 6,000 t, which was actually up on the last Q3-20 deal done late last week at $27.75. Earlier in the day, June was bid at $27.50 and offered at $28.00, while July was bid at $27.00 and offered at $28.60. Further out, Q3-20 was bid at $27.75 and offered at $29.00, with Q4-20 bid at $28.35 and offered at $29.55.
Source: IHS McCloskey.