SGX M42F Thermal Coal - Daily Update 11 September 2019
Thursday, September 12 2019 - 06:03 PM WIB
10kt traded in Wednesday T Session
• Oct-19 traded 2kt @ $32.80
• Nov-19 traded 2kt @ $33.05
• Q4-19 traded 6kt @ $33.30
September month-to date:
Futures volume at 21kt, open interest at 79kt
Total volume since April 2018: 1.20 million metric tonnes
Physical
Indonesian prices continued to show support, with bids moving higher. An offer for a geared vessel loading in October was heard at $32.75/t FOB, basis 4,200 kc GAR, with bids still reported at around $32.00/t FOB, same basis. Panamaxes were heard bid at $32.80-33.00/t FOB, basis 3,800 kc NAR, for October loading.
Paper
M42 paper, listed on SGX, traded at $32.80 for October and $33.05 for November, and then later, Q4-19 traded at $33.30. September was bid at $32.35 and offered at $32.50, while October was bid at $32.60 and offered at $32.90. November was bid at $32.80 and offered at $33.50. Further out Q1-20 was bid at $34.75 and offered at $35.25.
Source: IHS McCloskey.