SGX M42F Thermal Coal - Daily Update 10 December 2019
Wednesday, December 11 2019 - 09:06 PM WIB
December month-to date:
Futures volume at 140kt, Open interest at 220kt
Total volume since January 2019: 1,254kt
Physical
It was a quiet day for physical business. A trade of a Panamax of low-rank material was heard at $35.15/t FOB basis 4,200 kc GAR, loading in December. For lower c.v. material, a Supramax was heard bid at $24.25/t FOB, basis 3,600 kc GAR, for December loading.
Paper
The M42 paper, listed on SGX, was bid at $34.05 for December and offered at $34.60. January was bid at $34.05 and offered at $34.55, while February was bid at $34.10 and offered at $34.55 Spreads for January vs February were bid at minus $0.25 against and offer at $0.15. A spread for February vs March was also reported at the same levels.
Source: IHS McCloskey